Currency pair EUR/USD Euro to US Dollar is trading at 1.1609. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Euro/Dollar pair. The test area of Ichimoku Kinko Hyo signal lines near the level of 1.1645 is expected, from which it is expected to attempt a rebound and further develop the bearish trend with the aim of falling near the level of 1.1510.
Euro Dollar forecast EUR/USD on November 8, 2017
Earlier, we received a weak signal for buy of the pair Euro/Dollar, due to the crossing of signal lines at the level of 1.1635. The cancellation of the variant of falling quotes of the pair will be a breakdown of the upper boundary of the descending channel with the closing of quotations above the area of 1.1730, 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 level breakdown at 1.1565.
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