Currency pair Euro to US Dollar EUR/USD completes trading week at 1.1414. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating that there is an bullish trend in the pair Euro/Dollar. The pair EUR/USD is expected to fall near the level of 1.1290, 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 1.1640.
EUR/USD weekly forecast on July 3 — 7, 2017
Earlier, a strong signal was received for buying of the Euro/Dollar pair, due to the crossing of the signal lines at the level of 1.0750. The cancellation of the growth of the quotations of the pair will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 1.0980, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations EUR/USD stands with the breakdown of the local maximum area at the level of 1.1570.
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