Currency pair EUR/USD Euro to US Dollar is trading at 1.1733. The pair continues to trade below the lower boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of a bearish trend for the pair Euro/Dollar. Ichimoku Kinko Hyo indicator area signal line test near the level 1.1780 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 1.1590. An additional signal in favor of reducing the pair will be the test of the upper boundary of the bearish channel.
Euro Dollar forecast EUR/USD on October 4, 2017
Earlier, a strong signal was received for the sell of the Euro/Dollar pair, due to the crossing of the signal lines at the level of 1.1785. The cancellation of the fall of the pair’s quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 1.1905, 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 the breakdown of the level of 1.1680.