EUR/USD forecast Euro Dollar on May 21, 2021

Currency pair EUR/USD is trading at 1.2184. 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 bars.

EUR/USD forecast Euro Dollar on May 21, 2021

As part of the forecast, the Euro/Dollar pair is expected to test the level of 1.2150. Where can we expect to try 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 1.2270. The conservative buying area for the EUR/USD pair is located near the lower border of the Bollinger Bands indicator bars at 1.2130.

EUR/USD forecast Euro Dollar on May 21, 2021

Cancellation of the option to continue the growth of the Euro/Dollar pair will be a 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 1.1920 area. This will indicate a change in the current trend in favor of the bearish for EUR/USD. In the event of a breakdown of the upper border of the Bollinger Bands indicator bars, one should expect an acceleration of growth.

EUR/USD forecast Euro Dollar on May 21, 2021 suggests a test level of 1.2150. Further growth is expected to continue to the area above the level of 1.2270. The conservative area for buying is located area of ​​1.2130. The cancellation of the growth option for the EUR/USD pair will be the breakdown of the level of 1.1920. In this case, we should expect a continuation of the fall.


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