Currency pair EUR/USD Euro to US Dollar is trading at 1.1807. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the Euro/Dollar pair. A test of the upper boundary of the bearish channel near the level of 1.1845 is expected, from which it is expected to attempt a rebound and further development of the bearish trend with a target to falling near the level of 1.1705.
Euro Dollar forecast EUR/USD on October 27, 2017
Earlier, the signal of the average signal for sell of the Euro/Dollar pair was received, due to the crossing of the signal lines at the level of 1.1790. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper border of the descending channel with the closing of quotes above the area of 1.1860, which will indicate the continued growth of the Euro/Dollar above the level of 1.1950. Expect to accelerate the fall in quotations EUR/USD stands with the breakdown of the lower boundary of the descending channel and the closing below 1.1680.