Currency pair EUR/USD Euro to US Dollar is trading at 1.2336. The pair continues to trade within the Cloud of Ichimoku Kinko Hyo, which indicates the presence of a flat trend for the pair Euro/Dollar. Ichimoku Kinko Hyo Cloud is expected to test near the level of 1.2310, from which it is expected to attempt a rebound and continue growth with the target near the level of 1.2500.
Euro Dollar forecast EUR/USD on March 21, 2018
An additional signal in favor of the growth of the pair will test the support area. Earlier, a medium strength signal was received for the sell of the Euro/Dollar pair, due to the crossing of signal lines at 1.2365.
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 the acceleration of the growth of quotations EUR/USD stands with the breakdown of the resistance area and the closing above the level of 1.2370.
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