Currency pair EUR/USD is trading at 1.1402. Quotes of the pair are trading above the moving average with a period of 55. This points to the bullish trend for the pair of Euro/Dollars. At the moment, pair quotes are moving near the midpoint of the Bollinger Bands indicator bands.
EUR/USD forecast Euro Dollar on November 23, 2018
The Euro/Dollar pair is expected to test at 1.1370. Where to expect an attempt to continue the growth of the pair EUR/USD and further development of the upward trend. The objective of such a movement is the area near the 1.1500 level. The conservative buying area for the EUR/USD pair is located near the lower bound of the Bollinger Bands indicator at 1.1350.
Canceling the option to continue the growth of the Euro Dollar will break the area of the lower boundary of the Bollinger Bands. And also the moving average with period 55 and the closing of quotes pair below 1.1260. This will indicate a change in the current bearish EUR/USD trend. In the event of a breakdown of the upper boundary of the Bollinger Bands, it is expected to accelerate growth.
EUR/USD forecast Euro Dollar on November 23, 2018 suggests a test level of 1.1370. Further, it is expected to continue growth to an area above the level of 1.1500. The conservative buying area is located is near the area of 1.1350. The break of the EUR/USD pair will break the 1.1260 level. In this case, it is expected to continue the fall.