our short-term buying point, while 1.14 area should offer significant amount of resistance, so this is where we would consider short-term selling. Long-term looking, we believe that pair could test 1.15 handle given enough time, but we also see this area as a ceiling at the moment from which it could easily pullback. On the other hand, selling is not an option until we see break below 1.10 handle, which seems quite far at this moment.
Last modified on Friday, 18 September 2015EUR/USD Weekly Forecast – 21 September – 25 September
Euro was pushed higher in the course of the last week mostly due to dovish Fed interest rate statement. Pair even broke above 1.14 handle, but this area offered some amount of resistance. However, with no major data releases next week, traders are likely to continue to weigh on Fed, which could push euro towards 1.15 handle. Initially in the week, pair is likely to find some amount of support around 1.12 handle so this would be
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