EUR/USD technical analysis and forecast on June 10

eur-usdThe US dollar is still under pressure because the monetary policy would not probably get rougher at the next Fed meeting. The market denied a weak report on the labor market and it is waiting for new drivers.

The euro showed an increase above 1.14, but the “bulls” failed on holding the positions. The RSI has come back to the neutral zone without the resistance level test, the euro / dollar consolidation is likely to be continued. The EUR / USD Forecast on 10 June 2016 assumes the quotations growth towards the level of 1.1390.


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