Currency pair Euro/Dollar EUR/USD completes the trading week near the level of 1.2035. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the Euro/Dollar. The test area of Ichimoku Kinko Hyo signal lines near the level of 1.1960 is expected, from which it is expected to attempt a rebound and continue the growth of the pair with the target near the level of 1.2330. An additional signal in favor of the growth of the pair will come test of the level of support.
EUR/USD forecast for the week on January 8 — 12, 2018
Earlier, a strong signal was received for buy of the pair Euro/Dollar, due to the crossing of signal lines at the level of 1.1845. 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 1.1740, 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 1.2090.