Currency pair EUR/USD is trading at 1.0581. The pair is still trading below the Ichimoku Cloud, which indicates a continuation of the downward trend for the pair.
Ichimoku Kinko Hyo forecast EUR/USD on February 28, 2017
Previously it received a weak signal to buy the pair EUR/USD, but for confirmation of this signal is important to see the breakdown of the upper limit of the Ichimoku Cloud with the closure of the euro dollar quotes above level 1.0640, which will point to the opportunity to try to buy the pair with the tight stop.
Consider selling the euro with the intersection of the signal lines in favor of the sales, in this case we will get a strong signal and is expected to accelerate the fall of the euro against the US dollar quotations.
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