EUR/USD forecast for the week of September 11, 2017, Technical Analysis

The EUR/USD pair broke out to the upside during the week, breaking above the top of the shooting star from the previous week. Now that we are closing above the 1.20 level, I think that eventually the buyers will return on dips. The market is a bit overbought, but the interest rate expectations out of the Federal Reserve are growing dimmer by the day, and that should continue to favor the EUR. Ultimately though, we are overbought, so sooner or later we need to see some type of pullback.

EUR USD Forecast Video 11.9.17