The instrument is trading at 0.6709 above the Ichimoku Cloud which suggests an ascending trend. A test of the signal lines near 0.6685 is expected, followed by growth to 0.6815. 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 closes under 0.6630, which may be followed by fa urther decline to 0.6555.
Orgin: RoboForex
