Currency pair EUR/USD Euro to US Dollar is trading at 1.1789. 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 area of Ichimoku Kinko Hyo signal lines near the level of 1.1790 is expected, from which it is expected to attempt a rebound and further development of 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 20, 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 1.185. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 1.1845, which will indicate a change in the flat trend in favor of the bullish trend. To expect the acceleration of the EUR/USD quotes falling is below the breakdown of the Ichimoku Kinko Hyo Cloud and the closure below the level of 1.1750.
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