Currency pair EUR/USD Euro to US Dollar is trading at 1.2226. 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. The test area of Ichimoku Kinko Hyo signal lines near the level of 1.2255 is expected, from which it is expected to attempt a rebound and continue falling with the target near the level of 1.2120. An additional signal in favor of the fall of the pair will be a test of the lower boundary of the bullish channel.
Euro Dollar forecast EUR/USD on March 1, 2018
Earlier, a strong signal was received for the sell of the pair Euro/Dollar, due to the crossing of the signal lines at 1.2290. 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 1.2405, which indicates a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the EUR/USD quotes falling with the breakdown of the support area and the closing below the level of 1.2205.
