Currency pair Euro to US Dollar EUR/USD is trading at 1.1181. 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. Ichimoku Kinko Hyo Cloud is expected to test near the level of 1.1200, from which it is expected to try to fall and develop the bearish trend with the target of reducing near the level of 1.1060.
EUR/USD forecast on June 16, 2017
Earlier, a medium strength signal was received for buying of the pair Euro/Dollar, due to crossing of the signal lines at the level of 1.1215. 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 1.1260, 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 1.1090.
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