The instrument is trading at 1.3047 below the Ichimoku Cloud which suggests a descending trend. Testing of the lower border of the Cloud near 1.3065 is expected, followed by decline to 1.2855. Yet another signal of decline may be a bounce off the resistance line.
The scenario may no longer be valid in case the upper border of the Cloud is broken and trading closed above 1.3135, which may be followed by further growth to 1.3205.
Orgin: RoboForex
