Currency pair EUR/USD Euro to US Dollar is trading at 1.1860. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the Euro/Dollar pair. The test of the upper limit of the Ichimoku Kinko Hyo indicator cloud is expected near the level of 1.1820, from which it is expected to attempt a rebound and further development of the bullish trend with the target of growth near the level of 1.1940.
Euro Dollar forecast EUR/USD on October 13, 2017
Earlier, a weak signal was received for the buy of the pair Euro/Dollar, due to the crossing of the signal lines at the level of 1.1725. The cancellation of the growth of the quotations 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 1.1690, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations EUR/USD is at breakdown level 1.1870.