Currency pair Euro to US Dollar EUR/USD is trading at 1.11949. The pair broke through Ichimoku Kinko Hyo Cloud and began to trade below its lower limit, which indicates a bearish trend in the pair Euro/Dollar. The pair EUR/USD is expected to rise near the level of 1.1210, from which one should expect an attempt to fall and further develop the bearish trend near the level of 1.1110.
EUR/USD forecast Euro Dollar on June 12, 2017
Earlier, a weak signal was received for the sale of the pair Euro/Dollar, due to crossing of the signal lines at the level of 1.1245. 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 quotes above the area of 1.1250, indicating 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 1.1130.
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