Currency pair Euro to US Dollar EUR/USD completes the trading week at the level of 1.1206. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in the pair Euro to US Dollar. It is expected to test the area of signal lines near the level of 1.1020, from which one should expect an attempt of growth and development of the bullish trend for the pair EUR/USD with the purpose of growth near the level 1.1360.
EUR/USD weekly forecast on May 22 — 26, 2017
Earlier, a strong signal was received for buy of the pair Euro to US Dollar EUR/USD, due to the crossing of signal lines at the level of 1.0750. The cancellation of the growth of the quotations of the pair EUR/USD will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 1.0750, which will indicate a change in the bulls 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 1.1300.
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