#forex #EURUSD #forecast
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EURUSD is trading at 1.1247; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.1260 and then resume moving downwards to reach 1.1115. Another signal in favor of further downtrend will be a rebound from the descending channel’s upside border.
