Currency pair EUR/USD Euro to US Dollar is trading at 1.1930. The pair is traded within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend for the Euro/Dollar. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 1.1970, from which it is expected to attempt a rebound and further develop the bearish trend with the target of falling near the level of 1.1760.
Euro Dollar forecast EUR/USD on September 22, 2017
Earlier, a medium strength signal was received for the sale of the Euro/Dollar pair, due to the crossing of the signal lines at the level of 1.1945. 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 1.1965, indicating a change in the flat trend in favor of the bullish trend. Expect to accelerate the fall in quotes EUR/USD stands with the breakdown of the lower limit of the Forex Triangle model and the closing below the level of 1.1835.
