Currency pair EUR/USD Euro to US Dollar is trading at 1.1164. The pair moves below the lower boundary of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a bearish trend for the EUR/USD pair. As part of the forecast of the euro to the US dollar on April 26, 2019. A test of the Ichimoku Kinko Hyo signal line region is expected near the 1.1200 level. Where can we expect an attempt to rebound and continue to fall in the pair EUR/USD with a potential goal at the level of 1.1025.
Euro Dollar Forecast EUR/USD April 26, 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 model «Triangle». Earlier, a weak signal was received for SELL the Euro/Dollar. The signal was formed due to the intersection of signal lines at the level of 1.1295.
Canceling the option of falling quotations of the EUR/USD pair on FOREX will be the breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations above 1.1270. This option will indicate a change in the downward trend in favor of the upward trend and the continuation of the fall of the Euro to the US Dollar at Forex. Expect acceleration of growth in the fall of EUR/USD stands with the breakdown of the support area and closing below the level of 1.1115.
Euro Dollar Forecast EUR/USD April 26, 2019 implies an attempt to test the resistance level near the 1.1200 area. Where can we expect to continue the fall of the currency pair with a potential target near the level of 1.1025. Cancel the option to reduce the pair will breakdown of the area 1.1270. This will indicate continued growth of the Euro against the US dollar with a potential target above the level of 1.1360.