Currency pair Euro to US Dollar EUR/USD completes the trading week at the level of 1.1900. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating that there is an bullish trend in the Euro/Dollar pair. Ichimoku Kinko Hyo Cloud is expected to test near the level of 1.1700, from which it is expected to try to grow and develop the bullish tendency for the pair with the target of growth near the level of 1.2280.
EUR/USD weekly forecast on September 4 — 8, 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 1.1271. The cancellation of the growth of the pair’s quotations will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 1.1380, 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 1.2140.
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