Currency pair EUR/USD Euro to US Dollar is trading at 1.1770. The pair continues to trade 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 of 1.1780, from which it is expected to attempt a rebound and further develop the bearish trend with a view to falling near the level of 1.1650.
Euro Dollar forecast EUR/USD on October 26, 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 to accelerate the fall in quotes EUR/USD stands with the breakdown of the bottom of the rising channel and closing below 1.1715.