EUR/USD: forecast for May 22-16

EUR/USD broke above the weekly Ichimoku Cloud, which is currently acting as support at 1.1057. The triple bottom with the neckline around 1.0830 allows an expansion to 1.1300 and probably further. The euro rose past 61.8% Fibo of 2016 decline at 1.1130. The next Fibonacci level is located at 1.1350.

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