Currency pair EUR/USD Euro to US Dollar is trading at 1.1274 and continues to move as part of the correction. The pair moves inside Ichimoku Kinko Hyo Clouds. This indicates the presence of a sideways trend for the EUR/USD pair. As part of the forecast of the euro to the US Dollar on April 10, 2019. Ichimoku Kinko Hyo Cloud is expected to test near the level of 1.1280. Where can we expect an attempt to rebound and continue to fall in the pair EUR/USD with a potential target at the level of 1.1130.
Euro Dollar Forecast EUR/USD April 10, 2019
An additional signal in favor of the fall of the EUR/USD currency pair will be a test of the resistance area. As well as a rebound from the upper limit of the descending channel. Earlier, a weak signal was received for BUY the Euro/Dollar pair. The signal was formed due to the intersection of signal lines at the level of 1.1215.
Canceling the option of falling quotations of the EUR/USD pair at FOREX will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the 1.1325 area. Such an option would indicate a change in the side trend in favor of an upward trend and a continuation of the growth of the Euro against the US Dollar at Forex. Expect to accelerate the fall of EUR/USD quotes with the breakdown of the lower boundary of the indicator cloud and closing below 1.1205.
Euro Dollar Forecast EUR/USD April 10, 2019 implies an attempt to test the resistance level near the area of 1.1280. Where can we expect to continue the fall of the currency pair with a potential target near the level of 1.1130. Cancel the option to reduce the pair will breakdown of the area 1.1325. This will indicate a continuation of the rise of the Euro to the US dollar with a potential target above the level of 1.1425.