The currency Pair Euro US Dollar EUR/USD is trading at 1.0654. The pair continues to trade below the lower limit of the Ichimoku Cloud, indicating a downward trend in the Euro Euro Dollar pair. An attempt is expected to fall and develop a bearish tendency for a pair with a view to reducing the level near 1.0550.
Ichimoku Kinko Hyo EUR/USD Prediction on April 7, 2017
Earlier, a weak signal was received for the sale of the Euro-US Dollar pair, due to the intersection of the signal lines at the level of 1.0830. The 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 1.0790, which will indicate a change in the downward trend in favor of the ascending trend.
Expect the acceleration of the fall in quotes EUR/USD stands with the breakdown of the local minimum area at the level of 1.0620.
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