The instrument is trading at 0.6732 above the Ichimoku Cloud which suggests an ascending trend. A test of the upper border of the Cloud near 0.6705 is expected, followed by growth to 0.6845. Yet another signal of growth may be a bounce off the lower border of the ascending channel.
The scenario may no longer be valid in case the lower border of the Cloud is broken and trading closes under 0.6625, which may be followed by further decline to 0.6565.
Orgin: RoboForex
