Currency pair Euro to US Dollar EUR/USD is trading at 1.1135. The pair EUR/USD is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the pair Euro to US Dollar. It is expected to test the area of signal lines near the level 1.1050, from which one should expect an attempt of growth and further development of the bullish tendency on the pair with the purpose of growth near the level of 1.1280.
EUR/USD forecast & analysis on May 22, 2017
Earlier, a weak signal was received for buy of the pair Euro to US Dollar EUR/USD, due to crossing of the 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 1.0930, 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 1.1200.