SakuraTrader

SakuraTrader

EUR/USD is currently moving in a Mid Term (weekly) sideways formation, and at the moment it is inside the Kumo cloud indicating an undirectional situation. But looking at the past we can see a very huge downward movement (closed in march 2015) that has generated the lowest MACD weekly level in the Long Term space, and the Long Term trendline breacking in Genuary...

SakuraTrader

Based on the chart configuration i think we could reach 1.16 - 1.17 very soon.