The currency pair Euro to US Dollar EUR/USD is trading at 1.0588. 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 1.0500.
Ichimoku Kinko Hyo EUR/USD Prediction on April 10, 2017
Earlier, a strong signal was received for the sale of the Euro to US Dollar pair, due to the intersection of the signal lines at the level of 1.0650. 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 1.0760, 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 1.0540.
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