Currency pair Euro to US Dollar EUR/USD is trading at the level of 1.1235. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in the Euro/Dollar pair. The Ichimoku Kinko Hyo Cloud upper boundary test is expected near the level of 1.1215, from which one should expect an attempt of growth and further development of the bullish trend near the level of 1.1320.
EUR/USD forecast Euro Dollar on June 2, 2017
Earlier, a medium strength signal was received for buying of the Euro to US Dollar pair, due to crossing of the signal lines at the level of 1.1177. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 1.1160, which will indicate a change in the upward 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 1.1290.
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