Currency pair EUR/USD Euro to US Dollar is trading at 1.1294 and continues to move in the framework of the decline. The pair is trading below the lower limit of the Ichimoku Kinko Hyo Cloud.
This indicates the presence of an upward trend for the EUR/USD pair. As part of the Euro Dollar prediction EUR/USD November 29, 2018, a test of the lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the 1.1365 level. Where can we expect an attempt to rebound and continue to reduce EUR/USD with a potential target of 1.1195.
Euro Dollar prediction EUR/USD November 29, 2018
An additional signal in favor of reducing the EUR/USD currency pair will be a test of the resistance area. As well as a rebound from the upper boundary of the descending channel. Previously, 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 1.1405.
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 1.1405 area. This option will indicate a change in the downward trend in favor of the upward trend and continued growth of the Euro to the US Dollar at Forex. Expect confirmation of a decline in EUR/USD quotes with the breakdown of the support area and closing below 1.1260.
Euro Dollar prediction EUR/USD November 29, 2018 involves an attempt to test the resistance level near the 1.1365 area. Where can we expect the continuation of the fall of the currency pair with a potential target near the level of 1.1195. Cancel the option to reduce the pair will breakdown of the area 1.1405. This will indicate a continuation of the growth rate of the Euro to the US Dollar.