Currency pair EUR/USD Euro to US Dollar is trading at 1.2368. 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. Ichimoku Kinko Hyo Cloud upper test is expected near the 1.2350 level, from which it is expected to attempt a rebound and continue growth with the target near the level of 1.2480.
Euro Dollar forecast EUR/USD on March 23, 2018
An additional signal in favor of the growth of the pair will test the support area. Earlier, the signal was weak signal for buy of the pair Euro/Dollar, due to the crossing of signal lines at the level of 1.2300.
The cancellation of the growth of the pair’s quotations will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 1.2280, 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 boundary of the bearish channel and the closing above the level of 1.2410.
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