Currency pair EUR/USD Euro to US Dollar is trading at 1.2334. 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. A breakdown and a test of the lower boundary of the Ichimoku Kinko Hyo Cloud near the level of 1.2355 are expected, from which it is expected to attempt a rebound and continue falling with the target near the level of 1.2260.
Euro Dollar forecast EUR/USD on February 22, 2018
Earlier, a weak signal was received for the sell of the Euro/Dollar pair, due to the crossing of signal lines at 1.2420. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 1.2405, indicating a change in the flat trend in favor of the bullish trend. Expect to accelerate the fall in quotes EUR/USD stands with the breakdown of the bottom of the bullish channel and closing below the level of 1.2220.
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