Currency pair EUR/USD is trading below 1.12, the publication of data from the euro area did not have support for the euro. European indexes of business activity in the manufacturing sector in different directions for May: in Italy, Spain and Germany, there is a decrease, and in France noted the increase. Index of business activity in Eurozone manufacturing sector is fixed at 51.5.
EUR/USD technical analysis and forecast on June 2
Currency pair EUR/USD and GBP/USD continues to move in different directions. The euro showed expected growth to the level of 1.1200, the relative strength indicator points to continued upward rebound. Thus, the forecast EUR/USD on June 2, 2016 suggests an upward movement, but there may be a new retest the lower boundary of the trading channel.
