Currency pair EUR/USD Euro to US Dollar is trading at 1.2373. 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. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 1.2385, from which it is expected to attempt a rebound and continue falling with the target near the level of 1.2230. An additional signal in favor of the fall of the pair is the test of the upper boundary of the bearish channel.
Euro Dollar forecast EUR/USD on February 15, 2018
Earlier, a weak signal was received for buy of the pair Euro/Dollar, due to the crossing of signal lines at the level of 1.2300. The cancellation of the fall of the pair quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 1.2410, which will indicate a change in the bearish trend in favor of the bullish. Expect to accelerate the fall in quotes EUR/USD stands with the breakdown of the lower boundary of the Indicator Cloud and the closing below the level of 1.2260.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
