EUR/USD Forecast for the week on October 2 — 6, 2017


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Currency pair Euro/Dollar EUR/USD completes the trading week near the level of 1.1823. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the Euro/Dollar pair. Ichimoku Kinko Hyo Cloud near the level of 1.1800 is expected to be tested, from which it is expected to try to grow and develop the bullish trend for the pair with the target near the level of 1.2250.

EUR/USD Forecast for the week on October 2 — 6, 2017

EUR/USD Forecast for the week on October 2 — 6, 2017

Earlier, a weak signal was received for the sell Euro/Dollar pair, due to crossing of the signal lines at the level of 1.1910. The cancellation of the growth of the pair’s quotations will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of ​​1.1680, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations EUR/USD is at breakdown level 1.2100.

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