Currency pair EUR/USD Euro to US Dollar is trading at 1.1851. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the Euro/Dollar. Ichimoku Kinko Hyo Cloud is expected to be tested near the level of 1.1825, from which one should expect a rebound attempt and further development of the bullish trend with the target of growth near the level of 1.1935.
Euro Dollar forecast EUR/USD on October 23, 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 quotes of the pair will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 1.1750, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations EUR/USD stands with the breakdown of the upper boundary of the bullish channel and the closing above the level of 1.1950.
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