The currency pair is trading at 0.6360 under the Ichimoku Cloud, suggesting a downtrend. A test of the signal lines of the indicator near 0.6375 is expected, followed by a decline to 0.6295. 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 0.6435, which will mean further growth above 0.6505.
Orgin: RoboForex
