Currency pair Euro to US Dollar EUR/USD completes the trading week at the level of 1.1223. The pair is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an upward trend in the pair Euro to US Dollar. A test of the signal line area near the level of 1.1020 is expected, from which one should expect an attempt of growth and development of the bullish tendency for the pair with the purpose of growth near the level 1.1450.
EUR/USD prediction on May 29, 2017 — June 2, 2017
Earlier, a strong signal was received for buy of the pair EUR/USD, 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 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 1.1370.
