EUR/USD forecast Euro Dollar on April 8, 2021

Currency pair EUR/USD is trading at 1.1882. Quotes of the pair are trading above the moving average with a period of 55. This indicates the presence of a bullish trend for the pair Euro/Dollar. At the moment, the pair quotes are moving near the upper border of the Bollinger Bands indicator bars.

EUR/USD forecast Euro Dollar on April 8, 2021

As part of the forecast, the Euro/Dollar pair is expected to test the level of 1.1820. Where can we expect an attempt to continue the growth of the EUR/USD pair and the further development of the upward trend. The purpose of this movement is the area near the level of 1.1960. The conservative buying area for the EUR/USD pair is located near the lower border of the Bollinger Bands indicator strip at 1.1720.

EUR/USD forecast Euro Dollar on April 8, 2021

Cancellation of the option to continue the growth of the Euro/Dollar pair will be the breakdown of the area of ​​the lower border of the Bollinger Bands indicator bars. As well as the moving average with a period of 55 and closing of quotations of the pair below the 1.1650 area. This will indicate a change in the current trend in favor of the bearish for EUR/USD. In case of a breakdown of the upper border of the Bollinger Bands indicator bands, we should expect an acceleration of growth.

EUR/USD forecast Euro Dollar on April 8, 2021 suggests a test level of 1.1820. Further, growth is expected to continue to the area above the level of 1.1960. The conservative area for buying is located area of ​​1.1720. The cancellation of the growth option for the EUR/USD pair will be the breakdown of the level of 1.1650. In this case, we should expect a continuation of the fall.


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