Currency pair EUR/USD Euro to US Dollar is trading at 1.2450. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the Euro/Dollar pair. The test area of Ichimoku Kinko Hyo signal lines near the level of 1.2370 is expected, from which it is expected to attempt a rebound and continue the growth of EUR/USD with the target near the level of 1.2540.
Euro Dollar forecast EUR/USD on March 28, 2018
An additional signal in favor of the growth of the pair will be a test of the upper boundary of the channel, as well as a test of the support level. Earlier, a weak signal was received for buy of the pair Euro/Dollar, due to the crossing of signal lines at the level of 1.2300.
The cancellation of the growth of the pair’s quotations will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 1.2270, which will indicate a change in the bullish trend in favor of the bearish trend. Expect the acceleration of the growth of quotations EUR/USD stands with the breakdown of the resistance area and the closing above the level of 1.2470.