EURUSD, “Euro vs US Dollar”
EURUSD has consolidated under the lower border of the bullish channel. The pair is moving inside the Ichimoku Cloud, suggesting a sideways movement. A test of the upper boundary of the Cloud indicator at 1.0845 is expected, followed by a fall to 1.0695. A rebound from the lower boundary of the bullish channel would signal a decline in quotes. This scenario can be invalidated by the upper boundary of the Cloud, with the price securing above 1.0885, indicating a rise to 1.0975. Conversely, a decrease could be confirmed by a breakout of the lower boundary of the ascending channel, with the price securing below 1.0785
Origin: RoboForex
