EUR/USD Weekly Forecast – 25 September – 29 September

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Friday, Sep 22 2017

EUR/USD Weekly Forecast – 25 September – 29 September

Euro was initially pushed higher in the course of the last week going all the way 1.2030 area, however this area proved to be too resisitive at moment, and after hawkish Fed comments, pair pulled back going all the way to 1.1860 area where it found some amount of support and managed to rebound by the end of the week finishing it well above 1.19 handle. Next week we would be focused on Eurozone CPI and US figures. Any type of supportive candles around 1.1850 and 1.18 area would be short-term buying signal, while resistive candles above 1.2050 and 1.2080 level would be short-term selling opportunity.

In long-term trends, despite pullback last week, we have no interest in selling the pair. However, we expect plenty of resistance above 1.20 handle.

More in this category: « GBP/USD Weekly Forecast – 25 September – 29 September AUD/USD Weekly Forecast – 02 October – 06 October »

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