Currency pair EUR/USD Euro to US Dollar is trading at 1.1704. 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. Ichimoku Kinko Hyo Cloud is expected to test near the level of 1.1680, from which it is expected to attempt a rebound and continue the development of the bullish trend with the target of rising near the level of 1.1795.
Euro Dollar forecast EUR/USD on November 15, 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 growth of the quotes of the pair will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 1.1610, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations EUR/USD stands with the breakdown of the level of 1.1730.
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