EUR/USD Forecast September 8, 2017, Technical Analysis

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