The currency pair Euro to US Dollar EUR/USD is trading at 1.1417. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating that there is an bullish trend in the Euro/Dollar pair. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 1.1380, from which one should expect an attempt of growth and development of the bullish trend with the target of growth near the level of 1.1540.
EUR/USD forex forecast Euro Dollar on July 13, 2017
Earlier, a strong signal was received for buying of the pair Euro/Dollar, due to the crossing of signal lines at the level of 1.1370. The cancellation of the growth of the quotations of the pair will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 1.1350, which will indicate the change of the bullish 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 1.1440.
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