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EUR/USD Forecast September 19, 2017, Technical Analysis
Updated: Sep 19, 2017, 05:57 GMT+00:00
The EUR/USD pair gapped lower at the open on Monday, but then turned around to rally a bit. We are currently consolidating around the 1.1950 level, and
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The EUR/USD pair gapped lower at the open on Monday, but then turned around to rally a bit. We are currently consolidating around the 1.1950 level, and that this market should continue to be difficult to trade for a longer-term move. If we can break above the 1.20 level, that would be a very bullish signal. Alternately, if we pull back, I would anticipate that the 1.1875 level underneath should be supportive. Expect a lot of noise in this market, and quite frankly I will be on the sidelines over the next day or so until things become a bit clearer.
EUR USD Forecast Video 19.9.17
About the Author
Christopher LewisSenior Analyst
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
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