EUR/USD forecast Euro Dollar on June 3, 2020

Currency pair EUR/USD is trading at 1.1182. 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 upper border of the Bollinger Bands indicator strip.

EUR/USD forecast Euro Dollar on June 3, 2020

As part of the forecast, the Euro/Dollar pair is expected to test the level of 1.1120. Where can we expect an attempt to continue the growth of the EUR/USD pair and further development of the upward trend. The purpose of this movement is the area near the level of 1.1320. The conservative buying area for the EUR / USD pair is located near the lower border of the Bollinger Bands indicator strip at the level of 1.1040.

EUR/USD forecast Euro Dollar on June 3, 2020

Cancellation of the option to continue the growth of the Euro/Dollar pair will be a breakdown of the lower boundary of the Bollinger Bands indicator stripes. As well as the moving average with a period of 55 and the closing of quotations of the pair below the area of ​​1.0850. 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 June 3, 2020 suggests a test level of 1.1120. Further, growth is expected to continue to the area above the level of 1.1320. The conservative buying area is located is near the area of ​​1.1040. The cancellation of the growth option for the EUR/USD pair will be the breakdown of the level of 1.0850. In this case, we should expect continued fall.


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