Currency pair Euro to US Dollar EUR/USD is trading at 1.1740. The pair is traded within the Ichimoku Kinko Hyo Cloud, indicating a flat trend for the Euro/Dollar pair. Ichimoku Kinko Hyo Cloud near the level 1.1770 is expected to test the lower boundary of the Cloud, from which one should expect an attempt to fall and develop a bearish trend with a target to lower near the level of 1.1550.
Euro Dollar forecast EUR/USD on August 9, 2017
Earlier, a weak signal was received for the sale of the Euro/Dollar pair, due to crossing of the signal lines at the level of 1.1820. The cancellation of the fall of the pair quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 1.1850, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations EUR/USD stands with the breakdown of the local minimum area at the level of 1.1590.
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