The instrument is trading at 1.3133 above the Ichimoku Cloud which suggests an ascending trend. Testing of the signal lines of the indicator near 1.3105 is expected, followed by growth to 1.3335. 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 closes below 1.3025, which may be followed by further decline to 1.2935.
Orgin: RoboForex
