i thing nex few week eur/usd down my target is 1.1825
Forexleader's Blog
EURUSD DOWN TREND
short positions below 1.1700 with targets at 1.1565 & 1.1456 in extension.
EURUSD
The Euro posted modest gains against the US Dollar in the last session and reached near its two-year high, after the European Central Bank (ECB) Chief, Mario Draghi, remained upbeat on the recovery of Euro bloc, while expressed no concerns over a strong Euro currency, in a speech at Jackson Hole. Currently, the pair is trading above the shortterm and long-term EMAs on the 1H chart, indicating at the bullish momentum in the coming session. Key resistance is located at the psychological 1.2000 lev…