Forex Technical Analysis, EUR/USD Daily Forecast June 3, 2016
Technical Analysis – The EUR/USD pair initially tried to rally during the day on Thursday, but turned around to form a negative candle. Because of this, looks as if the market is going to simply continue to consolidate around this area, but keep in mind that the EUR/USD pair tends to be very sensitive to the Nonfarm Payroll Numbers coming out today, so at this point in time we are more than likely going to have to stay on the sidelines and simply let this thing tell us what it wants to do on the daily close.
In Other View Point – EURUSD is ready for upside
I was waiting for this corrective trend to end for a while and it seems that it’s in the last stage and ready for upside. Today is NFP which can really moves this pair to both directions, I’m interested in upside, so if NFP run the pair to upside, I’m in, if NFP run it to downside I don’t trade it until price make a clear structure.
Courtesy : www.fxempire.com/technical/technical-analysis-reports/eurusd-forecast-june-3-2016-technical-analysis-341863