Currency pair EUR/USD Euro to US Dollar is trading at 1.2411. 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 is expected to test near the 1.2365 level, from which it is expected to attempt a rebound and continue growth with the target near the level of 1.2530.
Euro Dollar forecast EUR/USD on March 9, 2018
An additional signal in favor of the growth of the pair will test the level of support. Earlier, we received a weak signal for buy of the pair Euro/Dollar, due to crossing of the signal lines at the level of 1.2250.
The cancellation of the growth of the quotes of the pair will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 1.2250, which will indicate a change in the bullish trend in favor of the bearish trend. Expect the acceleration of EUR/USD quotations growth with the breakdown of the resistance area and the closing above the level of 1.2550.
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