Currency pair EUR/USD Euro to US Dollar is trading at 1.1808. The pair continues to trade within the Cloud of Ichimoku Kinko Hyo, which indicates the presence of a flat trend for the pair Euro/Dollar. The test of the upper boundary is expected. Ichimoku Kinko Hyo indicator cloud near the level of 1.1840, where we can expect a rebound attempt and further development of the bearish trend with the aim of falling near the level of 1.1745. An additional signal in favor of the fall of the pair will be a test of the resistance area.
Euro Dollar forecast EUR/USD on October 12, 2017
Earlier, a strong signal was received for buy of the pair Euro/Dollar, due to the crossing of signal lines at the level of 1.1725. The cancellation of the fall of the pair quotes will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 1.1870, indicating a change in the flat trend in favor of the bullish trend. Expect to accelerate the fall in quotes EUR/USD stands with the breakdown of the lower boundary of the Indicator Cloud and the closing below 1.1670.