Currency pair Euro Dollar EUR/USD closes the trading week near the level of 1.1943. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in the Euro/Dollar pair. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 1.1820, from which one should expect an attempt of growth and development of a bullish tendency for a pair with a target near the level of 1.2350.
EUR/USD Forecast for the week September 25 — 29, 2017
Earlier, a strong signal was received for buying of the pair Euro/Dollar, due to the crossing of signal lines at the level of 1.1271. 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 1.1650, 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 of 1.2105.
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