Currency pair Euro US Dollar EUR/USD completes trading week at 1.1742. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the pair Euro/Dollar. The pair EUR/USD is expected to fall to the level of 1.1650, from which it is expected to try to grow and develop the bullish trend for the pair with the target of growth near the level of 1.1990.
EUR/USD weekly forecast on August 21 — 25, 2017
Earlier, a strong signal was received for purchases of the pair Euro/Dollar, due to the crossing of signal lines at the level of 1.1271. 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 1.1420, which will indicate a change in 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 1.1900.
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