Euro Dollar forecast EUR/USD on September 29, 2017


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Currency pair EUR/USD Euro to US Dollar is trading at 1.1745. 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 area signal line test near the level 1.1810 is expected, from which it is expected to attempt a rebound and further development of the bearish trend with a target to falling near the level of 1.1630.

Euro Dollar forecast EUR/USD on September 29, 2017

Euro Dollar forecast EUR/USD on September 29, 2017

Earlier, a medium strength signal was received for the sell of the Euro/Dollar pair, due to the crossing of the signal lines at the level of 1.1915. 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 ​​1.1910, which indicates 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 1.1705.

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