The currency pair Euro to US Dollar EUR/USD is trading at 1.0869. The pair broke through the Ichimoku Cloud and began to trade below its lower limit, which indicates a downward trend in the pair Euro Euro. It is expected to test the lower boundary of the Ichimoku Kinko Hyo Cloud near the level of 1.0920, from which one should expect an attempt to fall and further develop the bearish tendency for the pair with the aim of reducing near the level of 1.0770.
Technical analysis & prediction EUR/USD on May 12, 2017
Earlier, a weak signal was received for the sale of the pair Euro Dollar, due to the intersection of the signal lines at the level of 1.0945. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 1.0970, which will indicate a change in the downward trend in favor of the ascending trend. Expect to accelerate the fall in quotes EUR/USD is with the breakdown of the local minimum area at the level of 1.0830.
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