Currency pair Euro to US Dollar EUR/USD is trading at 1.0627. The pair began to bargain inside the Ichimoku Cloud, which indicates the presence of a lateral trend for the Euro Euro Dollar pair. It is expected to test the upper 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 the aim of reducing near the level of 1.0570.
Ichimoku Kinko Hyo EUR/USD prediction on April 18, 2017
Earlier, a signal of medium strength was obtained for the sale of the Euro to US Dollar pair, due to crossing of the signal lines at the level of 1.0627. 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 1.0670, which will indicate a change in the downward trend in favor of the ascending trend. Expect to accelerate the fall in quotations EUR/USD is with the breakdown of the local minimum area at the level of 1.0600.
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