The instrument is trading at 0.703429 above the Ichimoku Cloud which suggests an ascending trend. Testing of the upper border of the Cloud near 0.7025 is expected, followed by growth to 0.7115. Yet another signal of growth may be a bounce off the support line.
The scenario may no longer be valid in case the lower border of the Cloud is broken and trading closed under 0.6990, which may be followed by further decline below 0.6905.
Orgin: RoboForex
