Currency pair EUR/USD Euro to US Dollar is trading at 1.2366. 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 1.2360, from which it is expected to attempt a rebound and continue growth with the target near the level of 1.2505.
Euro Dollar forecast EUR/USD on March 16, 2018
An additional signal in favor of the growth of the pair will test the support area. Earlier, a strong signal was received for buy of the pair Euro/Dollar, due to the crossing of signal lines at the level of 1.2360.
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 1.2270, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations EUR/USD stands with the breakdown of the upper limit of the model «Triangle» and closing above the level of 1.2420.
