Currency pair EUR/USD Euro to US Dollar is trading at 1.1846. 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 1.1785, from which it is expected to attempt a rebound and continue the development of the bullish trend with a target to growth near the level of 1.1940.
Euro Dollar forecast EUR/USD on November 16, 2017
Earlier, a weak signal was received for purchases of the pair EuroDollar, due to crossing of the signal lines at the level of 1.1615. The cancellation of the growth of the quotations 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 1.1670, 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 is with a breakdown of the resistance level and closing above 1.1865.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
