Currency pair EUR/USD Euro to US Dollar is trading at 1.2325. 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 1.2355 is expected, from which it is expected to attempt a rebound and continue falling with the target near the level of 1.2180. An additional signal in favor of the fall of the pair is the resistance level test.
Euro Dollar forecast EUR/USD on February 26, 2018
Earlier, a weak signal was received for the sell of the pair Euro/Dollar, 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 quotations 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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