The euro initially felt during the week, but found enough support of the 1.06 little to turn around and bounce. By forming a relatively stable looking candle. I think we’re going to try to break above the 1.08 handle. If we do, we could reach towards the 1.10 level, and then possibly the 1.12 handle. However, I think that given enough time the sellers will return as well, due to the central banks and their different interest rate policies. While the European Central Bank has suggested it is going to ease on the quantitative easing, the reality is that they are still doing QED, while the Americans are raising rates.
Market Snapshot – Focus on the Dollar and the Euro
EUR/USD Daily Technical Analysis for September 22, 2017
EUR/USD Mid-Session Technical Analysis for September 21, 2017
Forex Trading Signals – September 21, 2017