The currency pair Euro to US Dollar EUR/USD is trading at 1.0893. The pair is trading above the upper limit of the Ichimoku Cloud, which indicates the presence of an upward trend in the pair Euro Dollar. It is expected to test the upper boundary of the Ichimoku Cloud near the level of 1.0850, from which one should expect an attempt of growth and development of the bullish tendency for the pair with the purpose of growth near the level of 1.0960.
Ichimoku Kinko Hyo EUR/USD forecast on May 1, 2017
Earlier, a strong signal was received for purchases of the pair Euro Dollar, due to the intersection of signal lines at the level of 1.0799. The cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 1.0750, which will indicate a shift in the upward trend in favor of a downward trend. Expect to accelerate the growth of quotations EUR/USD stands with the breakdown of the local maximum area at the level of 1.0920.