The instrument is trading at 0.6718 above the Ichimoku Cloud which suggests an ascending trend. A test of the signal lines near 0.6695 is expected, followed by growth to 0.6795. Yet another signal of growth may be a bounce off the upper border of the descending channel.
The scenario may no longer be valid in case the lower border of the Cloud is broken and trading closed under 0.6620, which may be followed by further decline to 0.6545.
Orgin: RoboForex
