Currency pair Euro Dollar EUR/USD is trading at 1.0560. The pair could test the upper boundary of Bollinger Bands indicator strips and will continue to move in the downward trend. The pair returned below the moving average with a period of 55.
Bollinger Bands Euro Dollar Forecast on February 27, 2017
At the moment, we can expect continuation of falling of euro trying to quote the dollar to the lower limit on the level of 1.0505, this field sample points to accelerate the development of the euro falling. Cancellation option will be the fall of quotations breakdown of 1.0630 area, which indicates the potential change in favor of the bullish trend for the pair.
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