Currency pair EUR/USD Euro to US Dollar is trading at 1.2288. 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 1.2260 is expected, from which it is expected to attempt a rebound and continue growth with the target near the level of 1.2480.
Euro Dollar forecast EUR/USD on January 25, 2018
An additional signal in favor of the growth of the pair is the upper bound of the «Triangle» model. Earlier, a strong signal was received for buy of the Euro/Dollar, due to crossing of the signal lines at the level of 1.2245.
The cancellation of the growth of the pair’s quotations will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 1.2095, 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 1.2295.
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