The currency pair is trading at 1.2092 under the Ichimoku Cloud, suggesting a downtrend. A test of the signal lines of the indicator at 1.2100 is expected, followed by falling to 1.2015. An additional signal supporting the decline can be a bounce off the upper border of the descending channel.
The scenario can be canceled by a breakaway of the upper border of the Cloud and securing above 1.2145, which will entail further growth to 1.2235.
Orgin: RoboForex
