Currency pair EUR/USD Euro to US Dollar is trading at 1.1300 and continues to move within the correction and the bullish channel. The pair moves above the upper boundary of the Ichimoku Kinko Hyo Cloud. This indicates the presence of an upward trend for the EUR/USD pair. As part of the forecast of the Euro to the US Dollar on April 18, 2019. Ichimoku Kinko Hyo Cloud is expected to test near the level of 1.1270. Where can we expect an attempt to rebound and continue the growth of the EUR/USD pair with a potential target of 1.1395.
Euro Dollar Forecast EUR/USD April 18, 2019
An additional signal in favor of raising the EUR/USD currency pair will be a test of the support area. As well as a rebound from the lower boundary of the rising 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.
Cancellation of the growth option of the EUR/USD pair on FOREX will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the close of quotes below the 1.1225 area. This option will indicate a change in the upward trend in favor of the downward trend and the continuation of the fall of the Euro to the US dollar at Forex. Expect acceleration of growth of EUR/USD quotes with the breakdown of the resistance area and closing above the level of 1.1330.
Euro Dollar Forecast EUR/USD April 18, 2019 implies an attempt to test the support level near the 1.1270 area. Where can we expect to continue the growth of the currency pair with a potential target near the level of 1.1395. The cancellation of the lifting of the pair will be the breakdown of the area of 1.1225. This will indicate a continued depreciation of the Euro against the US dollar with a potential target below the level of 1.1125.