The currency pair is trading at 1.2118 above the Ichimoku Cloud, suggesting an uptrend. A test of the signal lines of the indicator at 1.2075 is expected, followed by growth to 1.2325. An additional signal supporting the growth can be a bounce off the lower border of the ascending channel.
The scenario can be canceled by a breakaway of the lower border of the Cloud and securing under 1.1905, which will entail further falling to 1.1810.
Orgin: RoboForex
