Currency pair EUR/USD Euro to US Dollar is trading at 1.1747. 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. The test of the lower boundary of the Ichimoku Kinko Hyo indicator cloud is expected near the level of 1.1795, from which it is expected to attempt a rebound and further develop the bearish trend with the target of falling near the level of 1.1590.
Euro Dollar forecast EUR/USD on October 5, 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 quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 1.1860, 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.
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