Currency pair EUR/USD Euro to US Dollar is trading at 1.1379 and continues to move as part of the correction. The pair moves above the upper boundary of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a bullish trend for the EUR/USD pair. As part of the Euro Dollar Forecast EUR/USD March 1, 2019. A test of the upper boundary of the Ichimoku Kinko Hyo Cloud is expected near the level 1.1350. Where can we expect an attempt to rebound and continue the growth of EUR/USD with a potential goal at the level of 1.1480.
Euro Dollar Forecast EUR/USD March 1, 2019
An additional signal in favor of raising the EUR/USD currency pair will be a test of the support area. The second signal will be 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 1.1295.
Cancellation of the growth option of the EUR/USD pair quotations on FOREX will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below area 1.1285. This option will indicate a change in the upward trend in favor of the bearish 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 1.1455.
Euro Dollar Forecast EUR/USD March 1, 2019 implies an attempt to test the support level near the 1.1350 area. Where can we expect to continue the growth of the currency pair with a potential target near the level of 1.1480. Cancellation of the lifting of the pair will be the breakdown of the area of 1.1285. This will indicate a continuation of the fall of the Euro against the US Dollar with a potential target below the level of 1.1155.