Currency pair EUR/USD Euro to US Dollar is trading at 1.1821. 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 1.1800 is expected, from which it is expected to attempt a rebound and continue growth with the target near the level of 1.1910.
Euro Dollar forecast EUR/USD on November 24, 2017
Earlier, a medium strength signal was received for buy of the Euro/Dollar pair, due to crossing of the signal lines at the level of 1.1770. 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 1.1700, 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 at breakdown level 1.1860.
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