Currency pair EUR/USD Euro to US Dollar is trading at 1.1950. The pair continues to trade below the lower boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of a bearish trend for the pair Euro Dollar. Ichimoku Kinko Hyo Cloud is expected to be tested near the level of 1.1960, from which it is expected to attempt a rebound and continue falling with the target near the level of 1.1840.
Euro Dollar forecast EUR/USD on January 12, 2018
Earlier, we received a weak signal for sell of the pair 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 a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 1.2030, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations EUR/USD is at the breakdown of the level of 1.1905.