FX.co ★ EUR/USD Weekly Forecast For September 5th - 9th / 2011

SHORT DESCRIPTION :

The EUR/USD is still in a sideways situation between the 1.3924 and the 1.4641 levels. Last week the pair closed below the 10-week period Simple Moving Average, so we assume the 1.4150 to be the next target tested, however if next week this currency can pass the 1.4347 it will bring this pair to the 1.4400 as the next target.