Currency pair Euro US Dollar EUR/USD is trading at 1.1368. 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. The pair EUR/USD is expected to fall near the level of 1.1300, from which it is expected to try to grow and develop the bullish trend with the target of growth near the level of 1.1440.
Euro Dollar Forecast EUR/USD on June 29, 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. An additional signal in favor of the bullish trend will be a test of the level of support. The cancellation of the growth of the quotations of the pair will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 1.1220, 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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