Currency pair EUR/USD Euro to US Dollar is trading at 1.1770. 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 near the level 1.1780 is expected to test the bottom of the cloud, from which it is expected to attempt a rebound and further develop the bearish trend with a target to lower near the level of 1.1650. An additional signal in favor of the fall of the pair is the resistance level test.
Euro Dollar forecast EUR/USD on October 19, 2017
Earlier, a weak signal was received for the sell of the pair Euro/Dollar, due to the crossing of the signal lines at the level of 1.1825. The cancellation of the growth of the quotations of the pair will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 1.1840, 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 breakdown level 1.1730.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
