EURUSD, “Euro vs US Dollar”
EURUSD is correcting following a rebound from the resistance level. The pair is moving above the Ichimoku Cloud, suggesting an uptrend. A test of the Cloud’s lower boundary at 1.0835 is expected, followed by a rise to 1.0965. A rebound from the lower boundary of the bullish channel would be an additional signal confirming the increase. The scenario could be cancelled by a breakout of the lower boundary of the Cloud, with the price securing below 1.0805, indicating a further decline to 1.0715.
Origin: RoboForex
