EUR/USD forecast for the week of September 18, 2017, Technical Analysis

The EUR/USD pair initially fell during the week, but as you can see has turned around completely to form a hammer. The hammer is focused on the 1.20 level, so it’s possible that we are getting ready to see yet another breakout. I have a longer-term target of 1.25, and I think that it is only a matter of time before we get there. Ultimately, this is a market that should continue to find buyers on dips, and longer-term traders are certainly looking for higher returns. With this being the case, I am bullish of this pair but also recognize that we are getting a bit overextended, which of course is something that could have been said several weeks ago.

EUR USD Forecast Video 18.9.17