Currency pair EUR/USD Euro to US Dollar is trading at 1.1705. 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 1.1755, from which one should expect a rebound attempt and further development of the bearish trend with the target of falling near the level of 1.1580.
Euro Dollar forecast EUR/USD on October 9, 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 a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 1.1830, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes EUR/USD stands with the breakdown of the lower bound of the «Triangle» model and the closing below the level of 1.1680.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
