EUR/USD – 07.09.2016

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EUR/USD – 07.09.2016

In the last two weeks we have been precise about our EURUSD analysis. First we correctly predicted a sharp drop, and the following week we gave a target price of 1.1220 for the recovery, which we hit within two trading days.

Looking at the current situation, we can see that the positive trend is getting stronger in the short term. Hence we believe the 1.1230 – 1.1240 level provides secure buying opportunities. (There is a slight chance that the pair may go down to 1.1200). Based I this information, we are updating our target price to 1.1340.

Once the pair hits our target price, we will update our analysis.

This cannot be considered as investment advice!!