EUR/USD – 01.09.2016

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EUR/USD – 01.09.2016

Last week we have predicted a sharp drop at EURUSD while it was trading at 1.1340. Our initial target price was 1.1200. Yet the pair went beyond that, trading at 1.1135 now.

So shall we expect further declines at EURUSD?

We would say NO! There is a big support around 1.1125 – 1.1135. Hence we can expect spikes at these levels. There is a minor resistance at 1.1180. Once it is passed, EURUSD will jump to 1.1220.

Once our targets are matched, we will update our analysis.

This cannot be considered an investment advice!