Currency pair Euro to US Dollar EUR/USD is trading at 1.1166. Quotes of the pair continue to trade below the moving average with a period of 55, indicating a bearish trend for the Euro/Dollar. At the moment, quotes of the pair test the average border of the bands of the indicator Bollinger Bands. We should expect an attempt to increase to the level of 1.1175, where again we should expect an attempt to continue the fall with the first goal near the level of 1.1070.
Euro Dollar forecast EUR/USD on June 22, 2017
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator strip at the level of 1.12. The abolition of the continuation of the fall of the EUR/USD pair will be the breakdown of the upper border area, as well as the moving average and the closing of the pair’s quotations above the area of 1.1230, 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 bands, it is expected to accelerate the fall of the pair into the area below the level of 1.1115.
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