The currency Pair Euro to US Dollar EUR/USD is trading at 1.0758. Quotations The pair broke through the upper boundary of the Ichimoku Cloud and traded within its area, which indicates the presence of a lateral trend trend for the Euro Euro Dollar pair. It is expected to test the upper boundary of the Ichimoku Cloud near the level of 1.0785, from which one should expect an attempt to fall and develop a bearish trend for this pair with a view to reducing the level of 1.0670.
Ichimoku Kinko Hyo forecast EUR/USD on March 31, 2017
Earlier, a weak signal was received for the sale of the Euro-US Dollar pair, due to the crossing of the signal lines at the level of 1.0840. The cancellation of the growth option will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotations above the area of 1.0880, which will indicate a change in the downward trend in favor of the ascending trend. Expect to accelerate the fall in quotes EUR/USD stands with the breakdown of the local minimum area at the level of 1.0740.
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