Currency pair EUR/USD Euro to US Dollar is trading at 1.2277. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Euro/Dollar pair. The test area of Ichimoku Kinko Hyo signal lines near the level of 1.2310 is expected, from which it is expected to attempt a rebound and continue the fall of EUR/USD with the target near the level of 1.2180.
EUR/USD forecast Euro Dollar April 5, 2018
An additional signal in favor of the fall of the pair is the test of the resistance area. Earlier, we received a weak signal for sell of the pair Euro/Dollar, due to the crossing of signal lines at the level of 1.2370.
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 quotes above the area of 1.2360, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotes EUR/USD is with the breakdown of the support area and closing below the level of 1.2250.
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