The currency pair Euro Dollar EUR/USD is trading below the moving average with a period of 55, suggesting a downward trend and the continued decline of the euro the dollar quotes. At the moment, there is the potential for a tight test the moving average, then we should expect a rebound of quotations and fall to below the level of 1.0490.
Bollinger Bands Euro Dollar Forecast on February 24, 2017
Conservative area for selling the currency pair EUR/USD is close to the upper boundary of Bollinger Bands indicator at the level of 1.0630. Break of the 1.0650 area points to a probable shift in favor of the bullish trend and the continued growth of quotations of the pair.
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