The currency pair Euro to US Dollar EUR/USD is trading at 1.0601. The pair continues to trade below the lower limit of the Ichimoku Cloud, indicating a downward trend in the Euro Euro Dollar pair. It is expected to test the area of signal lines near the level of 1.0620, from which one should expect an attempt to fall and develop a bearish tendency for a pair with a view to reducing near the level of 1.0510.
Ichimoku Kinko Hyo EUR/USD forecast on April 13, 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 quotes above the area of 1.0700, which indicates a change in the downward trend in favor of the ascending trend.
Expect the acceleration of the fall in quotes EUR/USD stands with the breakdown of the local minimum area at the level of 1.0550.
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