EUR/USD Forecast September 11, 2017, Technical Analysis

The EUR/USD pair tried to rally during the day on Friday, but gave back the gains to form a less than impressive close to the day. I believe that the market will find a bit of support at the 1.20 level, but it’s only a matter of time before the sellers will probably step in and try to break below that level. Nonetheless, I think this market is just a little bit overbought, so this pullback should be healthy for the longer-term buying opportunity. I still have a longer-term target of 1.25, but it may take some time to get there.

EUR/USD Video 11.9.17