The instrument is trading at 0.6421 below the Ichimoku Cloud which suggests a descending trend. A test of the upper border of the Cloud near 0.6445 is expected, followed by a decline to 0.6305. Yet another signal of decline may be a bounce off the resistance level.
The scenario may no longer be valid in case the upper border of the Cloud is broken and trading closes above 0.6510, which may be followed by further growth to 0.6605.
Orgin: RoboForex
