Currency pair Euro to US Dollar EUR/USD is trading at 1.1177. 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. The pair is expected to fall near the level of 1.1140, from which it is expected to attempt an increase and further development of the bullish tendency for the pair with the purpose of growth near the level of 1.1310.
EUR/USD forecast Euro Dollar on May 25, 2017
Earlier, a weak signal was received for purchases of the Euro to US Dollar pair, 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 1.1020, 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 1.1270.
