Currency pair EUR/USD Euro to US Dollar is trading at 1.2386. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the Euro/Dollar. The test area of Ichimoku Kinko Hyo signal lines near the level of 1.2375 is expected, from which it is expected to attempt a rebound and continue growth with the target near the level of 1.2605.
Euro Dollar forecast EUR/USD on January 31, 2018
An additional signal in favor of the growth of the pair will be a test of the support level, as well as a test of the lower boundary of the bullish channel. Earlier, a strong signal was received for buy of the Euro/Dollar pair, due to crossing of the signal lines at the level of 1.2245.
Cancellation option will be the pair of quotes growth breakdown of cloud Ichimoku Kinko Hyo with closing quotations below 1.2175 area, that indicates to change the bullish trend in favor bearish. Expect to accelerate the growth of quotations EUR/USD is at breakdown level 1.2465.
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