Last minute EURUSD forecast 09/12/2017

Last minute EURUSD forecast 12/09/2017

Important news is not expected, so it will be trading in the most likely range.

The main events of the previous period were played by the market (nuclear tests of North Korea, US sanctions, Hurricane Irma in the US, ECB decision on rates).

New important events for the market are due next week (Fed decision on Wednesday, September 20, and German elections on September 24).

The prolonged growth of EURUSD is temporarily stopped - the high price of the euro does not attract major players. At the same time, there are no big selling, as the market is still set for a possible continuation of the euro's growth.

Thus, the most probable scenario is the fluctuation of EURUSD in a wide range of 1.1880-1.2100.

We believe that buying from 1.1920 and below, with a stop below 1.1870, and selling from 1.2060 and above with a stop above 1.2120, are attractive.

One can buy for a breakthrough to the level of 1.2035.


The material has been provided by InstaForex Company -