The currency pair Euro Dollar EUR USD is trading within the downward trend on the basis of the analysis of the indicator Bollinger Bands.
Analysis Bollinger Bands indicator EUR USD on September 6, 2016
As you can see from the chart of the euro, the pair quotes have twice repelled from the upper border of the indicator, which indicates the prevalence of the downward trend for the pair. At the moment, we can expect continuation of falling of quotations EUR USD with a potential breakdown of the lower border of the indicator and a fall to below 1.1080. Cancellation option can become a strong growth above the level of the upper limit that can point to a reversal of the current trend for the euro.
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