EUR/USD Forecast September 2, 2016, Technical Analysis

The EUR/USD pair initially fell during the course of the day on Thursday, but turn right back around to form a very bullish candle. Because of this, the market looks as if it is trying to break above the 1.12 level. If it does, this market should continue to go higher, perhaps reaching towards the 1.1350 level given enough time. We have seen quite a bit of volatility, and with the jobs number today that will continue. What frankly, this looks like a market that could be very choppy during the session, and therefore I feel it’s probably easier to trade after the weekend.

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