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.

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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.

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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

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