Currency pair EUR/USD Euro to US Dollar is trading at 1.1807. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Euro/Dollar pair. The test area of Ichimoku Kinko Hyo signal lines near the level of 1.1710 is expected, from which it is expected to attempt a rebound and further development of the bearish trend with the target of falling near the level of 1.1550. An additional signal in favor of the fall of the pair is the resistance level test.
Euro Dollar forecast EUR/USD on October 30, 2017
Earlier, a strong signal was received for the sell of the pair Euro/Dollar, due to the crossing of the signal lines at the level of 1.1770. The cancellation of the fall of the pair’s quotes will be a breakdown of the upper boundary of the descending channel with the closing of quotes above the area of 1.1810, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes EUR/USD is at the breakdown of the level of 1.1630.
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