Currency pair Euro to US Dollar EUR/USD is trading at 1.1258. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the pair Euro to US Dollar EUR/USD. It is expected to test the area of signal lines near the level of 1.1170, from which one should expect an attempt of growth and further development of the bullish tendency for the pair EUR/USD with the purpose of growth near the level of 1.1390.
EUR/USD prediction & signals on May 24, 2017
Earlier, a weak signal was received for buy of the Euro to US Dollar EUR/USD, due to the crossing of signal lines at the level of 1.0890. The cancellation of the growth of the quotations of the pair will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 1.0990, which will indicate a change in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations EUR/USD stands with the breakdown of the local maximum area at the level of 1.1360.
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