Currency pair Euro/Dollar EUR/USD completes the trading week near the level of 1.1821. The pair continues to trade within the Cloud of Ichimoku Kinko Hyo, which indicates the presence of a flat trend for the pair Euro/Dollar. Ichimoku Kinko Hyo Cloud is expected to test near the level of 1.1940, from which it is expected to attempt a rebound and a fall with a target near the level of 1.1705.
EUR/USD Forecast for the week on October 16 — 20, 2017
Earlier, a weak signal was received for the sell of the Euro/Dollar pair, due to the crossing of the signal lines at the level of 1.1960. The cancellation of the fall of the quotes of the pair will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 1.1980, indicating a change in the flat trend in favor of the bullish trend. Expect the acceleration of the fall in quotations EUR/USD is at the breakdown of the level of 1.1640.
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