Currency pair Euro to US Dollar EUR/USD is trading at 1.0964. The pair broke through Ichimoku Kinko Hyo Cloud and began to trade above its upper limit, which indicates an bullish trend in the pair Euro to US Dollar. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 1.0940, from which one should expect an attempt of growth and further development of the bullish tendency for the pair with the purpose of growth near the level of 1.1050.
EUR/USD forecast Euro to US Dollar on May 16, 2017
Earlier, a weak signal was received for buy of the pair Euro to US Dollar, 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 a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 1.0860, 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 1.1020.