The currency pair Euro to US Dollar EUR/USD completes trading week at 1.0893. The pair continues to trade above the upper limit of the Ichimoku Cloud, indicating an upward trend in the pair Euro Euro. It is expected to test the area of signal lines near the level of 1.0800, from which one should expect an attempt to grow and develop a bullish tendency for a pair with the purpose of growth near the level of 1.1020.
Ichimoku Kinko Hyo EUR/USD Forecast May 8 — 12, 2017
Earlier, a strong signal was received for purchases of the pair Euro Dollar, due to the intersection of the signal lines at the level of 1.0750. 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 1.0640, 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 1.0950.
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