Currency pair Euro to US Dollar EUR/USD is trading at 1.1323. The pair is trading 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 1.1320, from which one should expect an attempt at growth and development of the bullish trend with the target of growth near the level 1.1420.
EUR/USD forecast Euro Dollar on July 6, 2017
Earlier, a weak signal was received for the sale of the Euro/Dollar pair, due to the crossing of the signal lines at the level of 1.1370. The cancellation of the growth of the quotations of the pair will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 1.1270, 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 1.1390.
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