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EUR/USD Forecast September 8, 2017, Technical Analysis
Updated: Sep 8, 2017, 04:20 GMT+00:00
The EUR/USD pair went sideways initially on Thursday, and then broke above the 1.20 level, after Mario Draghi had his press conference. Ultimately, I
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The EUR/USD pair went sideways initially on Thursday, and then broke above the 1.20 level, after Mario Draghi had his press conference. Ultimately, I think it’s only a matter of time before we go higher, but short-term pullback should be buying opportunities and I will treat them as such. Eventually, I think that the market goes to the 1.25 handle over the longer term, as we continue to see the US dollar get beaten up. I think pullbacks continue to offer value, and that the longer-term target is a foregone conclusion after the massive breakout from the previous 3 year consolidation.
EURUSD analysis Video 08.9.17
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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