EUR/USD forecast Euro Dollar on July 15, 2020

Currency pair EUR/USD is trading at 1.1338. 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 quotes of the pair are moving near the middle border of the Bollinger Bands indicator stripes.

EUR/USD forecast Euro Dollar on July 15, 2020

As part of the forecast, the Euro/Dollar pair is expected to test the level of 1.1320. 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 1.1440. The conservative buying area for the EUR/USD pair is located near the lower border of the Bollinger Bands indicator strip at 1.1260.

EUR/USD forecast Euro Dollar on July 15, 2020

Cancellation of the option to continue the growth of the Euro/Dollar pair will be a breakdown of the lower border of the Bollinger Bands indicator stripes. As well as the moving average with a period of 55 and closing of quotations of the pair below the area of ​​1.1150. This will indicate a change in the current trend in favor of the bearish for EUR/USD. In case of breakdown of the upper border of the Bollinger Bands indicator bands, growth should be expected.

EUR/USD forecast Euro Dollar on July 15, 2020 suggests a test level of 1.1320. Further, growth is expected to continue to the area above the level of 1.1440. The conservative buying area is located is near the area of ​​1.1260. The cancellation of the growth option for the EUR/USD pair will be the breakdown of the level of 1.1150. In this case, we should expect continued fall.


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