The currency pair Euro to US Dollar EUR/USD is trading at 1.0635. The pair continues to trade below the lower boundary of the Ichimoku Cloud, which indicates a downward trend in the pair Euro Dollar. It is expected to test the lower boundary of the Ichimoku Cloud near the level of 1.0650, from which one should expect an attempt to fall and develop a bearish tendency for a pair with a view to lower near the level of 1.0530.
Ichimoku Kinko Hyo EUR/USD forecast on April 14, 2017
Earlier, we received a weak signal for purchases of the pair Euro Dollar, due to the intersection of the signal lines at the level of 1.0620. 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 1.0660, which will indicate a change in the downward trend in favor of the ascending trend. Expect to accelerate the fall in quotations EUR/USD stands with the breakdown of the local minimum area at the level of 1.0580.
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