The currency pair Euro to Dollar EUR/USD is trading at 1.0592. The pair continues to trade below the lower limit of the Ichimoku Cloud, indicating a downward trend in the Euro Euro Dollar pair. A test of signal lines near the level of 1.06100 is expected, from which one should expect an attempt to fall and develop a bearish tendency for a pair with a view to reducing the level near 1.0510.
Ichimoku Kinko Hyo EUR/USD forecast on April 11, 2017
Earlier, a weak signal was received for the sale of the Euro-US Dollar pair, due to the intersection of the signal lines at the level of 1.0830. Cancellation of the fall option will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotations above the area of 1.0740, 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 1.0560.
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