Currency pair Euro to US Dollar EUR/USD completes the trading week at the level of 1.1219. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in the pair Euro/Dollar. It is expected to test the area of signal lines near the level of 1.1080, from which one should expect an attempt to grow and develop a bullish tendency for a pair with the target of growth near the level of 1.1440.
EUR/USD weekly forecast June 5 — 9, 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 1.0750. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 1.0850, 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 1.1350.
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