EUR/USD Forecast September 1, 2017, Technical Analysis

EUR/USD daily chart, September 01, 2017

The EUR/USD pair fell initially on Thursday, but turned around to show signs of support again. I think that the market could continue to go higher, but with today being the job number report out of the United States, expect a lot of volatility. I suspect that there is massive support at the 1.18 level, and then perhaps at the 1.17 level underneath. Buying a pullback should continue to be the way going forward, but these pullbacks will knock out the “weak hands” in this market. Longer-term, I think that the market could breakout above the 1.20 level and then to the 1.25 level after that.

Written by FX Empire