What's EURUSD going to do in the following weeks?

FX:EURUSD   Fx Euro/Dolar U.S.
EURUSD is an interesting pair to watch this week. This pair made a recent high at 1.2092 on 8 Sep 2017 and retraced to 1.1838 on 14 Sep 2017

Investors like you may be wondering this pair's movement in the following week. From a technical outlook, this pair had made a short-term reversal last week and overall trend remains bullish .

Based on our forecast, if the bullish momentum continues, we could potentially see this pair reach the recent high of 1.2092 and if the bullish momentum continues, this pair could potentially reach our first target of 1.2255 and after this, our second target of 1.2370. On the other hand, if there is a sudden change of the directional bias on this pair, we could potentially see this pair retrace to 1.1765 as our first target level, and if this level cannot provide the necessary support, EUR/USD could potentially be retraced to 1.1680.


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We hit our first target on 27 September 2017.
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