EUR/USD Technical Analysis – 07Sep2015

The Euro is looking to recover ground against the USD after falling in recent days. However, the recent stability around 1.11 (our old target that good solid profits), is temporary, and we can expect a big move, at least 200 pips, in EUR/USD either on downside or upside in the coming days, most likely around Sep 17, the day of US Fed Interest Rate Hike communication, which will cause big moves.

Currently at 1.1164, theEUR/USD is a Sell or Avoid, but not a Buy. As of today, EUR/USD Technical Analysis says that EUR/USD becomes a Buy above 1.2

 

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