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EUR/USD Analysis and Forecast 1.3116 to 1.3140/45 for 02 September 2014

September 2, 2014 9:38 am

Yesterday EUR/USD currency pair was moved as per our prediction, but not hit our take profit at 1.3150 and return to downward from 1.3144 to support level 1.3116. Yesterday this pair was moved as per fundamental and technical analysis base, so on every Monday market move slowly but due to holiday (Labor Day) in United States market not move more upward.

Today Overview:

We are expecting that EUR/USD pair will move upward direction as per technical analysis bases on 100MA (H1) and as 200MA (H1) this is pair may be not move downward and if move then maximum 1.3105 support level. Today possible this pair will touch or break weekly and daily pivot points. Euro have not any important fundamental events but dollar have high importance fundamental events like ISM Manufacturing PMI and due to this event may be dollar weak and this pair will go upward direction.

Recommendations:

Dear traders today we are predicted that this pair will move upward near resistance level 1.3140 range, due to fundamental and technical bases today buy trade is best, but remember our premium clients panel also update with time to time modification in our prediction because fundamental / economic news forecast and announcements some time change.

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