Currency pair Euro to US Dollar is trading at 1.1872. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Euro/Dollar pair. Ichimoku Kinko Hyo Cloud is expected to test near the level of 1.1910, from which it is expected to try to fall and further develop the bearish trend with the target near the level of 1.1720.
Euro Dollar forecast EUR/USD on September 22, 2017
Earlier, we received a weak signal for buying of the pair Euro/Dollar, due to the crossing of the signal lines at the level of 1.1920. 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 1.1970, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotes EUR/USD stands with the breakdown of the local minimum area at the level of 1.1820.
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