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EUR/USD Forecast September 12, 2017, Technical Analysis

By:
Christopher Lewis
Updated: Sep 12, 2017, 03:49 UTC

The EUR/USD pair has been a slightly negative during the session on Monday, as we have dipped below the 1.20 level. Ultimately though, there is a

EUR/USD daily chart, September 12, 2017

The EUR/USD pair has been a slightly negative during the session on Monday, as we have dipped below the 1.20 level. Ultimately though, there is a significant amount of support just below, and I think that we will probably pop above the 1.20 level and continue to go higher. This pullback has been gradual, and healthy from what I can see. I don’t have any interest in shorting this pair, I believe that we will see it go higher from here. I also anticipate that the 1.1950 level will offer a bit of support. Longer-term, I still expect to see this market going towards the 1.25 handle, but it’s good to take time to get there. Remember, this is the most heavily traded currency pair in the world, so choppiness is very normal.

EUR USD Forecast Video 12.9.17

About the Author

Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.

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