The EUR/USD at the highest level since December 2014

Exactly as I predicted in my previous EUR/USD analysis on August 18., the euro bounced up from the marked support and break 1.2000 today. In this moment, the EUR/USD is at the highest level since December 2014., at 1.2060, holding the 6th month gain in a row. As I see, the next possible resistance is latest at 1.2100/35, where the buyers could consolidate and take a break for a while, how to built a new support levels.

aureus invest eur-usd august 29.
The EUR/USD on August 29.

After this break up, the possible psichological support could be the 1.20, but the stronger technical support is placed at 1.1800/50. You can check my view of the possible eur/usd target for 2017 and follow the move furder.

aureus invest eur-usd august 18
My prediction of the possible EUR/USD move from August 18.

Published by Mario Urlic

Professional commodity trader with 17 years of experience in various markets.

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