The currency pair is trading around 0.6390 under the Ichimoku Cloud, suggesting a downtrend. A test of the lower border of the Cloud near 0.6420 is expected, followed by a decline to 0.6255. An additional signal confirming the decline will be a bounce off the upper border of the descending channel.
The falling will be canceled in the case of a breakout of the upper border of the Cloud and closing above 0.6485, which will mean further growth above 0.6565.
Orgin: RoboForex
