According to bymarkets.com, in the event of a breakdown of the lower boundary of the bands of the Bollinger Bands indicator, it is expected to accelerate the fall.
EUR/USD Daily Forecast - 24 April
The conservative sales area is located near the middle border of the Bollinger Bands indicator strip at 1.2330. The abolition of the continuation of the fall of the EUR/USD pair will be the breakdown of the middle range of the Bollinger Bands indicator bands, as well as the moving average with a period of 55 and the closing of the pair quotes above the 1.2380 area, which will indicate a change in the bullish trend for EUR/USD.
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