Currency pair EUR/USD Euro to US Dollar is trading at 1.1390 and continues to move as part of the correction. The pair is trading above the upper limit of the Ichimoku Kinko Hyo Cloud. This indicates the presence of an upward trend for the EUR/USD pair. As part of the forecast Euro Dollar prediction EUR/USD November 23, 2018, Ichimoku Kinko Hyo is expected to test a lower limit near the 1.1325 level. Where can we expect an attempt to rebound and continue the growth of EUR/USD with a potential goal at the level of 1.1565.
Euro Dollar prediction EUR/USD November 23, 2018
An additional signal in favor of the growth of the EUR/USD currency pair will be the test of the support area. As well as the formation of a reversal pattern inverted «Head and Shoulders». 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 1.1300.
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 closing of quotations below area 1.1280. This option will indicate a change in the upward trend in favor of the downward trend and the continuation of the decline of the Euro to the US dollar at Forex. Expect confirmation of the growth of the EUR/USD quotes with the breakdown of the resistance area and closing above the level of 1.1485.
Euro Dollar prediction EUR/USD November 23, 2018 suggests an attempt to test the support level near the 1.1325 area. Where can we expect to continue the growth of the currency pair with a potential target near the level of 1.1565. Cancellation of the growth of the pair will be the breakdown of the area of 1.1280. This will indicate a continued depreciation of the Euro against the US dollar.