EUR/USD Forecast September 19, 2013, Technical Analysis

The EUR/USD pair shot straight up during the session and broke above the 1.35 handle as the Federal Reserve announced that it was not going to taper off anytime soon. Because of this, you can expect US dollar weakness to continue, and we think that any time this market pulls back it will be a buying opportunity. It would not surprise us at all we see the 1.4 level hit sometime soon, and as a result we are massively bullish of this pair now. As far as selling, there’s really no way to do it at this point in time.

 

EUR/USD Forecast September 19, 2013, Technical Analysis

Written by FX Empire