The final event of the week was the publication of the statistics block from the United States. The unemployment rate fell to 4.7% in May, the analysts anticipated a decline down to 4.9%. However, the change in the number of people employed in non-agricultural sector was only 38 thousand against the forecast of 159,000. The dollar came under pressure, there is a decrease across the spectrum of the FOREX market.
EUR/USD technical analysis and forecast for 06/06/2016 – 06/10/2016 week
The EUR / USD Currency pair this week showed the predicted consolidation at the lower boundary of the ascending channel, a rebound took place after that. The RSI has not tested the support level, but there is an increase, indicating the restore of the bullish movement on Eurodollar. Thus, according to the EUR / USD forecast for the week 06 June 2016 – 10 June 2016 expected the quotations growth, the first target is around 1.1400, the main purpose for the “bulls” on the euro is at the upper boundary of the ascending channel – it is the area of 1, 17.
