Currency pair Euro to US Dollar EUR/USD is trading at 1.1527. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the pair Euro/Dollar. The EUR/USD is expected to fall to the level of 1.1480, from which it is expected to try to grow and develop the bullish trend with the target of growth near the level of 1.1670.
EUR/USD forecast Euro to Dollar on July 20, 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. An additional signal in favor of the upward trend will be a test of the support area. 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 1.1400, 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 1.1630.
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