Currency pair EUR/USD Euro to US Dollar is trading at 1.2205. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the Euro/Dollar pair. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the 1.2140 level, from which it is expected to attempt a rebound and continue growth with the target near the level of 1.2380. An additional signal in favor of the growth of the pair will be a test of the lower boundary of the bullish channel.
Euro Dollar forecast EUR/USD on January 19, 2018
Earlier, a medium strength signal was received for buy of the Euro/Dollar, due to the crossing of the signal lines at the level of 1.2005. The cancellation of the growth of the pair’s quotations will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 1.2090, 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 1.2315.
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