The currency pair Euro to US Dollar EUR/USD is trading at 1.1410. 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 Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 1.1395, from which it is expected to try to grow and develop the bullish trend with the target of growth near the level of 1.1520.
Euro to US Dollar forecast EUR/USD on July 14, 2017
Earlier, a strong signal was received for buying of the pair Euro/Dollar, due to the crossing of signal lines at the level of 1.1370. The cancellation of the variant of growth of quotations of the pair will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 1.1370, which will indicate the change of 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 1.1500.
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