Currency pair EUR/USD Euro to US Dollar is trading at 1.2243. 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 level 1.2180, from which it is expected to attempt a rebound and continue growth with the target near the level of 1.2480. An additional signal in favor of the growth of the pair will test the level of support.
Euro Dollar forecast EUR/USD on January 22, 2018
Earlier, a medium strength signal was received for buy of the Euro/Dollar pair, due to the crossing of the signal lines at the level of 1.2005. The cancellation of the growth of the quotations of the pair will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 1.2080, which will indicate the change of the bullish trend in favor of the bearish trend. Expect the acceleration of the growth of quotations EUR/USD stands with a breakdown of the upper limit of the bearish channel and closing above the level of 1.2265.
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