Are we heading to EUR/USD 1.20 rate?

The EUR/USD is getting to a crucial position.

The chart below shows the EUR/USD weekly with 100 period moving-average. The pair is getting close to cross the 100 moving-average which stand at 1.16384. The last time the EUR/USD crossed that moving-average was on August 2014.
EURUSDWeekly

EURO-DOLLAR.Com Top Forex Brokers
Trade EUR/USD with AVA Trade
Trade EUR/USD with eTORO
Trade EUR/USD with XM.Com

But first it has to break the strong resistance at 1.1500. If it does break it then the MA line is the next target, then 1.1700 and then 1.2000.

Most analysts forecasted EUR/USD going to parity at 2016 but for now it looks like 1.20 is much more realistic.

AVA Trade
Trade With Confidence
Award-winning innovative broker. Segregated accounts with leading international banks.+200 financial instruments for trading.
XM
$30 No Deposit Bonus
Open an XM Zero account and trade with spreads as low as 0! Average EUR/USD spread 0.1
eToro Social Trading
Copy Successful Traders
Automatically copy leading traders in eToro community. Expert trader? get copied yourself to earn a second income!

Forex trader. Forex algorithm developer. Hedge fund owner.

One Response to “Are we heading to EUR/USD 1.20 rate?”

  1. admin says:

    and we are getting closer to that MA… Eur/Usd at 1.1616

Leave a Reply

You must be logged in to post a comment.