Currency pair EUR/USD Euro to US Dollar is trading at 1.1658. 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 1.1665, from which it is expected to attempt a rebound and further develop the bearish trend with a view to falling near the level of 1.1530.
Euro Dollar forecast EUR/USD on November 6, 2017
Earlier, we received a weak signal for buy of the pair Euro/Dollar, due to the intersection of signal lines at the level of 1.1635. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the bearish channel with the closing of quotations above the area of 1.1735, 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 breakdown of the level of 1.1610.
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