Currency pair EUR/USD Euro to US Dollar is trading at 1.1742. The pair continues below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Euro/Dollar pair. Ichimoku Kinko Hyo Cloud is expected to be tested near the level 1.1770, from which it is expected to attempt a rebound and further development of the bearish trend with the aim of falling near the level of 1.1620.
Euro Dollar forecast EUR/USD on October 25, 2017
Earlier, the signal of the average signal for sell of the Euro/Dollar pair was received, due to the crossing of the signal lines at the level of 1.1790. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above the area of 1.1820, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in quotes EUR/USD is at breakdown level 1.1715.