Euro Dollar forecast EUR/USD on February 8, 2018

8 February 2018, 06:24
Jatin Patel

Currency pair EUR/USD Euro to US Dollar is trading at 1.2379. The pair continues to trade within the Cloud of Ichimoku Kinko Hyo, which indicates the presence of a flat trend for the pair Euro/Dollar. The Ichimoku Kinko Hyo Cloud lower limit test is expected near 1.2355, from which it is expected to attempt a rebound and continue growth with the target near the level of 1.2640. 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 1.2450. 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 ​​1.2325, indicating a change in the flat trend in favor of a bearish trend. Expect to accelerate the growth of quotations EUR/USD stands with the breakdown of the upper boundary of the indicator Cloud and the closing above the level of 1.2450.


Euro Dollar forecast EUR/USD on February 8, 2018

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