Currency pair EUR/USD Euro to US Dollar is trading at 1.1384 and continues to move as part of the correction. 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 December 3, 2018, the test of the upper limit of the Ichimoku Kinko Hyo Cloud is expected near the 1.1395 level. Where can we expect an attempt to rebound and continue to reduce EUR/USD with a potential target of 1.1215.
Euro Dollar prediction EUR/USD December 3, 2018
An additional signal in favor of reducing the EUR/USD currency pair will be a test of the resistance area. 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 1.1330.
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 December 3, 2018 involves an attempt to test the resistance level near the 1.1395 area. Where can we expect to continue the fall of the currency pair with a potential target near the level of 1.1215. Cancel the option to reduce the pair will breakdown of the area 1.1415. This will indicate continued growth in the Euro against the US Dollar.