Currency pair Euro to US Dollar EUR/USD is trading at 1.1462. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the pair Euro/Dollar. Ichimoku Kinko Hyo Cloud is expected to test near the level 1.1430, from which it is expected to try to grow and develop the bullish trend with the target of growth near the level of 1.1570.
EUR/USD forecast Euro Dollar on July 18, 2017
Earlier, a strong signal was received for buying of the Euro/Dollar pair, due to crossing of the signal lines at the level of 1.1430. 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 1.1370, 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 1.1530.
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