Currency pair EUR/USD Euro to US Dollar is trading at 1.2193. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Euro/Dollar pair. Ichimoku Kinko Hyo signal line area test is expected near the level 1.2245, from which it is expected to attempt a rebound and continue falling with the target near the level of 1.2110. An additional signal in favor of the fall of the pair will be a test of the lower border of the channel, as well as a resistance level test.
Euro Dollar forecast EUR/USD on March 2, 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 quotations above the area of 1.2395, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes EUR/USD is with the breakdown of the support area and closing below the level of 1.2145.
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