The currency pair Euro to US Dollar EUR/USD is trading at 1.0934. The pair is trading above the upper limit of the Ichimoku Cloud, which indicates the presence of an upward trend in the pair Euro Dollar. The test is expected to overtake the Ichimoku Cloud near the level of 1.0900, from which one should expect an attempt to grow and develop a bullish trend for the pair with a target of growth near the level of 1.0990.
Ichimoku Kinko Hyo EUR/USD Forecast on May 9, 2017
Earlier, a strong signal was received for purchases of the pair Euro Dollar, due to the crossing of signal lines at the level of 1.0940. The cancellation of the variant of growth of quotations of the pair will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 1.0890, which will indicate a change in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations EUR/USD stands with the breakdown of the local maximum area at the level of 1.0960.
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