Currency pair Euro to US Dollar EUR/USD completes the trading week at 1.1193. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in the pair Euro/Dollar. A test of the area of signal lines near the level of 1.1050 is expected, from which it is expected to try to grow and develop the bullish tendency for the pair with the target of growth near the level of 1.1370.
EUR/USD forecast for the week June 19 — 23, 2017
Earlier, a strong signal was received for buying of the pair Euro/Dollar, due to the crossing of the signal lines at the level of 1.0750. 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 quotes below the area of 1.0840, 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 1.1320.