Currency pair Euro/Dollar EUR/USD is closing the trading week near the level of 1.2293. The pair continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in the Euro/Dollar pair. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the 1.2240 level, from which it is expected to attempt a rebound and continue the pair’s growth with the target near the level of 1.2680. An additional signal in favor of the growth of the pair will enter the test of the lower boundary of the bullish channel.
EUR/USD forecast Euro Dollar on February 26 — March 2, 2018
Earlier, a strong signal was received for buy of the pair Euro/Dollar, due to the crossing of signal lines at the level of 1.1845. 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 1.2050, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations EUR/USD stands with the breakdown of the resistance area and closing above 1.2570.
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