The currency pair Euro Dollar EUR/USD is trading at the level of 1.0756. Quotations of the pair broke through the level of the moving average with a period of 55 and began to trade below its level, which indicates a change in the trend in favor of the bearish euro against the dollar. At the moment, quotes of the pair test the lower boundary of the bands of the Bollinger Bands indicator. It is worth waiting for an attempt to grow and test the average border of the indicator bars near the level of 1.0820, where again we should expect an attempt to continue falling with the first goal near the level of 1.0680.
Bollinger Bands Prediction EUR/USD on March 30, 2017
The conservative sale area is located near the upper boundary of the Bollinger Bands indicator bars at 1.0890. Canceling the option of continuing the fall of the EUR/USD pair will be the breakdown of the upper border area, as well as the closing of the pair’s quotations above the area of 1.0940, which will indicate a change in the trend in favor of the bullish on the euro dollar. In the event of a breakdown of the lower boundary of the indicator strip, it is expected to accelerate the fall of the pair into the area below the level of 1.0680.
