Currency pair EUR/USD Euro to US Dollar is trading at 1.1370 and continues to move in growth. The pair is trading inside the Ichimoku Kinko Hyo Cloud. This indicates the presence of a sideways trend for the EUR/USD pair.
As part of the Euro Dollar prediction EUR/USD November 30, 2018, a test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the 1.1400 level. Where can we expect an attempt to rebound and continue to reduce EUR/USD with a potential target of 1.1190.
Euro Dollar prediction EUR/USD November 30, 2018
An additional signal in favor of reducing the EUR/USD currency pair will be a test of the resistance area. 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 1.1415 area. This option will indicate a change in the side trend in favor of the upward trend and the continuation of the growth of the Euro against 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 30, 2018 involves an attempt to test the resistance level near the 1.1400 area. Where can we expect the continuation of the fall of the currency pair with a potential target near the level of 1.1190. Cancel the option to reduce the pair will breakdown of the area 1.1415. This will indicate a continuation of the growth rate of the Euro to the US Dollar.