Currency pair Euro to US Dollar EUR/USD completes the trading week at the level of 1.0872. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an upward trend in the pair Euro Euro. It is expected to test the area of signal lines near the level of 1.0820, from which one should expect an attempt to grow and develop a bullish tendency for a pair with the purpose of growth near the level of 1.1110.
EUR/USD forecast for the week May 15 — 19, 2017
Earlier, a strong signal was received for purchases of the pair Euro Dollar, due to the intersection of signal lines at the level of 1.0750. The cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 1.0690, which will indicate a shift in the upward trend in favor of a downward trend. Expect to accelerate the growth of quotations EUR/USD stands with the breakdown of the local maximum area at the level of 1.1040.
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