Currency pair EUR/USD Euro to US Dollar is trading at 1.2274. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Euro/Dollar pair. 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 1.2140.
Euro Dollar forecast EUR/USD on February 23, 2018
Earlier, a weak signal was received for the sell of the Euro/Dollar pair, due to the intersection 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, which indicates a change in the bearish 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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