EURUSD, “Euro vs US Dollar”
EURUSD has exited the descending corrective channel. The pair is moving above the Ichimoku Cloud, suggesting an uptrend. A test of the Tenkan-Sen line at 1.0875 is expected, followed by a rise to 1.0955. A rebound from the upper boundary of the bearish channel would be an additional signal confirming the increase. The scenario could be invalidated by a breakout of the lower boundary of the Cloud, with the price securing below 1.0845, indicating a further decline to 1.0755.
Origin: RoboForex
