Currency pair Euro to US Dollar EUR/USD is trading at 1.1143. The pair continues to trade within the Cloud of Ichimoku Kinko Hyo, which indicates the presence of a flat trend for the pair Euro/Dollar. A test of the signal line area near the level 1.1180 is expected, from which it is expected to test the lower boundary of the Ichimoku Kinko Hyo Cloud near the level of 1.1100.
EUR/USD prediction & analysis on May 31, 2017
Earlier, a weak signal was received for the sale of the pair EUR/USD, due to the crossing of the signal lines at the level of 1.1216. To consider the sale costs with the breaking of the lower boundary of the Ichimoku Kinko Hyo Cloud and the closing of quotations below the level of 1.1080, in case of breaking through the upper boundary of the Ichimoku Kinko Hyo Cloud, we should expect the continuation of the bullish trend in the EUR/USD.
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