Currency pair Euro to US Dollar EUR/USD is trading at 1.0862. The pair is traded inside the Ichimoku Kinko Hyo Cloud, which indicates the presence of a lateral trend for the pair Euro Euro. The Ichimoku Cloud is expected to break near the level of 1.0840, with a further test of the lower boundary of the Ichimoku Cloud at the level of 1.0920, from which one should expect an attempt to fall and further develop the bearish tendency for the pair with the aim of reducing near the level of 1.0760.
FOREX EUR/USD Prediction & analysis on May 11, 2017
Earlier, a weak signal was received for the sale of the pair Euro Dollar, due to the intersection of the signal lines at the level of 1.0945. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 1.0980, which will indicate a change in the downward trend in favor of the ascending trend. Expect to accelerate the fall in quotes EUR/USD stands with the breakdown of the local minimum area at the level of 1.0790.
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