Currency pair Euro to US Dollar EUR/USD is trading at 1.1180. The pair continues to trade below the lower boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of a bearish trend for the pair Euro/Dollar. Ichimoku Kinko Hyo Cloud is expected to test near the level of 1.1190, from which one should expect an attempt to fall and develop a bearish trend with a view to lower near the level of 1.1090.
Euro Dollar forecast EUR/USD on June 27, 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 fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 1.1230, which will indicate 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 1.1120.
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