Currency pair EUR/USD Euro to US Dollar is trading at 1.1790. 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 near the level of 1.1755, from which it is expected to attempt a rebound and continue the development of the bullish trend with the target of growth near the level of 1.1890.
Euro Dollar forecast EUR/USD on November 20, 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 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 1.1690, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations EUR/USD is with a breakdown of the resistance level and closing above 1.1825.
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