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EUR/USD Analysis and Forecast 1.3120/25 to 1.3150/60 for 01 September 2014

September 1, 2014 10:13 am

On Friday EUR/USD currency pair was moved as per fundamentals event, because dollar was strong number as per economical events and euro weak according  to CPI (MoM) and due to some other event. On technically basis as per 200MA this pair was created more gap in downward, simply EUR/USD pair move as per our prediction both technical and fundamental.

Today Overview:

We are expecting that this pair will move upward direction because today holiday in United States (Labor Day), so all financial institutions in United States are closed and euro have some important fundamentals events, due to forecast shows negative impact on euro. But we are expecting that may be amazing result raise euro. On technical basis EUR/USD pair in oversold condition and move downward maximum, so now we are predicted as per technical basis upward movements.

Recommendations:

Today may be this pair move in bullish trend, due to above mentioned fundamentals reasons and also on technical basis buy trade is best. Remember as per momentum may be this pair move downward maximum near 1.3005, but bullish expectations not damage.

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