I believe a short term target for EURUSD is around 1.0930, materializing in early next week. However, recent turmoil in the FX market may suggest a higher volatility in coming months with currencies of emerging markets and EUR, CNY and USD fighting for a depreciated currency. USD, considered to be a safe haven in turmoil terms, may face a challenge between choosing a positive outlook for its current or its capital account and the right time to pump its interest rates. Either outlook is highly dependent on what statement Yellen makes and how she delivers it on Sept 17.
Suggestions are welcome.
Suggestions are welcome.