Currency pair EUR/USD Euro to US Dollar is trading at 1.1646. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Euro/Dollar pair. Ichimoku Kinko Hyo Cloud is expected to test near the level of 1.1650, from which it is expected to attempt a rebound and continue the development of the bearish trend with the target of falling near the level of 1.1510.
Euro Dollar forecast EUR/USD on November 13, 2017
Earlier, a weak signal was received for buy of the pair Euro/Dollar, due to crossing of the signal lines at the level of 1.1615. The cancellation of the fall of the pair’s quotes will be a breakdown of the upper boundary of the descending channel with the closing of quotations above the area of 1.1710, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations EUR/USD is at the level breakdown at 1.1565.
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