Currency pair Euro to US Dollar EUR/USD is trading at 1.1134. The pair continues to trade below the lower boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of a bearish trend for the pair Euro/Dollar. It is expected to test the area of signal lines near the level of 1.1160, from which one should expect an attempt to fall and develop a bearish trend with a view to lower near the level of 1.1060.
EUR/USD forecast Euro Dollar on June 22, 2017
Earlier, a signal of medium strength was received for the sale of the Euro/Dollar pair, due to crossing of the signal lines at the level of 1.1216. 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 quotations above the area of 1.1230, which will indicate 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 1.1080.
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