Currency pair EUR/USD Euro to US Dollar is trading at 1.1768. 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. The test area of Ichimoku Kinko Hyo signal lines near the level of 1.1750 is expected, from which it is expected to attempt a rebound and continue growth with the aim near the level of 1.1850.
Euro Dollar forecast EUR/USD on November 23, 2017
Earlier, a weak signal was received for the sell of the pair Euro/Dollar, due to the crossing of the signal lines at the level of 1.1760. 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 1.1680, which indicates a change in the flat 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 Ichimoku Kinko Hyo Cloud and the closing above the level of 1.1800, which will indicate the resumption of the bullish trend.
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