Currency pair Euro/Dollar EUR/USD is closing the trading week near the level of 1.1777. 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 1.1740, from which it is expected to attempt a rebound and growth with a target close to level 1.19. 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.
EUR/USD Forecast for the week on October 23 — 27, 2017
The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 1.1630, indicating a change in the flat trend in favor of a bearish trend. Expect to accelerate the growth of quotations EUR/USD stands with the breakdown of the upper boundary of the Indicator Cloud and the closing above the level of 1.1970.
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