Currency pair EUR/USD Euro to US Dollar is trading at 1.1791. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the Euro/Dollar pair. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 1.1770, from which it is expected to attempt a rebound and further development of the bullish trend with a target to growth near the level of 1.1940.
Euro Dollar forecast EUR/USD on October 18, 2017
An additional signal in favor of the growth of the pair will test the level of support. 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 1.1825. The cancellation of the growth of the quotes of the pair will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 1.1730, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations EUR/USD is at breakdown level 1.1840.