Currency pair EUR/USD Euro to US Dollar is trading at 1.2300. 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 Cloud is expected to test near the level of 1.2325, from which it is expected to attempt a rebound and continue falling EUR/USD with a target near the level of 1.2180.
EUR/USD forecast Euro Dollar for April 2, 2018
An additional signal in favor of the fall of the pair will be a test of the lower boundary of the bullish channel. Earlier, we received a weak signal for sell of the pair Euro/Dollar, due to the crossing of signal lines at the level of 1.2370.
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 1.2370, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the EUR/USD quotes falling with the breakdown of the lower border of the bullish channel and the closing below the level of 1.2250.