Currency pair Euro to US Dollar EUR/USD is trading at 1.1163. The pair is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the pair Euro/Dollar. Ichimoku Kinko Hyo Cloud is expected to test near the level of 1.1180, from which one should expect an attempt to fall and develop a bearish trend with a target to lower near the level of 1.1080.
EUR/USD forecast Euro Dollar on June 23, 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 1.1220, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes EUR/USD stands with the breakdown of the local minimum area at the level of 1.1100.
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