The market has sufficiently changed the outlook for the Fed monetary policy after weak US employment report. However, the EUR / USD currency pair doesn’t rush to develop the upward movement; the “bulls” are waiting for the next week FOMC meeting.
EUR/USD technical analysis and forecast on June 9
The euro is traded within the yesterday’s forecast, the EUR / USD rate is moving toward 1.14. The RSI on the euro / dollar four-hour chart aims to test the resistance level, which signals to the upward movement. Thus, the EUR / USD forecast for 9 June 2016 assumes a consolidation of the European currency above the level of 1.14.
