Currency pair EUR/USD Euro to US Dollar is trading at 1.2284. The pair continues to trade below the lower boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of a bearish trend for the pair Euro/Dollar. The test area of Ichimoku Kinko Hyo signal lines near the level of 1.2315 is expected, from which it is expected to attempt a rebound and continue falling with the target near the level of 1.2125. An additional signal in favor of the fall of the pair is the resistance level test.
Euro Dollar forecast EUR/USD on February 14, 2018
Earlier, a weak signal was received for the sell of the pair Euro/Dollar, due to the crossing of the signal lines at the level of 1.2450. Cancellation of the fall of the pair quotes will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 1.2370, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes EUR/USD is with the breakdown of the support area and closing below the level of 1.2180.