Currency pair EUR/USD Euro to US Dollar is trading at 1.2513. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in the Euro/Dollar pair. The test area of Ichimoku Kinko Hyo signal lines near the level of 1.2485 is expected, from which it is expected to attempt a rebound and continue growth with the target near the level of 1.2720. An additional signal in favor of the growth of the pair is the upper bound of the «Triangle» model.
Euro Dollar forecast EUR/USD on February 5, 2018
Earlier, a strong signal was received for buy of the pair Euro/Dollar, due to the crossing of signal lines at the level of 1.2410. The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 1.2335, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations EUR/USD is at breakdown level 1.2550.
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