Currency pair EUR/USD Euro to US Dollar is trading at 1.1937. 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. Ichimoku Kinko Hyo signal line area test is near the level of 1.1970, from which it is expected to attempt a rebound and continue falling with the target near the level of 1.1860.
Euro Dollar forecast EUR/USD on January 10, 2018
Earlier, we received a weak signal for sell of the Euro/Dollar, due to the crossing of the signal lines at the level of 1.2025. The cancellation of the fall of the pair’s quotations will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 1.2040, indicating a change in the lateral trend in favor of the upside. 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 1.1915.