Currency pair Euro Dollar EUR/USD is trading at 1.1343. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating that there is an bullish trend in the pair Euro/Dollar. Ichimoku Kinko Hyo Cloud is expected to test near the level of 1.1320, from which it is expected to try to grow and develop the bullish trend with the target of growth near the level 1.1450.
Euro Dollar forecast EUR/USD on July 5, 2017
Earlier, we received a weak signal for buying of the pair Euro/Dollar, due to crossing of the signal lines at the level of 1.1166. The cancellation of the growth of the pair’s quotations will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 1.1260, 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 1.1420.
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