Currency pair Euro to US Dollar EUR/USD is trading at 1.1635. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the pair Euro/Dollar. The EUR/USD is expected to drop to the level of 1.1590, from which one should expect an attempt of growth and development of the bullish trend with the target of growth near the level of 1.1740.
Euro Dollar forex forecast EUR/USD on July 25, 2017
Earlier, a strong signal was received for buying of the Euro/Dollar pair, due to crossing of the signal lines at the level of 1.1430. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 1.1480, 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 1.1700.
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