Currency pair Euro US Dollar EUR/USD completes trading week at 1.1744. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in the pair Euro/Dollar. The pair EUR/USD is expected to fall to the level of 1.1510, from which it is expected to try to grow and develop the bullish tendency for the pair with the target of growth near the level of 1.2110.
Euro Dollar forecast EUR/USD on July 31 — August 4, 2017
Earlier, a strong signal was received for purchases of the pair Euro/Dollar, due to the crossing of signal lines at the level of 1.1271. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 1.1300, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations EUR/USD stands with the breakdown of the local maximum area at the level of 1.1970.
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