Currency pair EUR/USD Euro to US Dollar is trading at 1.1846. 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 signal area test is near the level of 1.1880, 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 1.1705.
Euro Dollar forecast EUR/USD on September 26, 2017
An additional signal in favor of the drop in quotations will be the test of the lower bound of the «Triangle» model. Earlier, a medium strength signal was received for the sell 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, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations EUR/USD is at breakdown level 1.1835.