Currency pair Euro to US Dollar EUR/USD is trading at 1.1168. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in the pair Euro to US Dollar EUR/USD. It is expected to test the area of signal lines near the level of 1.1100, from which it is expected to try to grow and further develop the bullish tendency for the pair with the target of growth near the level of 1.1290.
Ichimoku Kinko Hyo prediction EUR/USD on May 23, 2017
Earlier, a weak signal was received for purchases of the pair Euro to US Dollar EUR/USD, due to the crossing of signal lines at the level of 1.0890. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 1.0970, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations EUR/USD stands with the breakdown of the local maximum area at the level of 1.1240.
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