EUR/USD Forecast October 1, 2015, Technical Analysis

The EUR/USD pair fell during the course of the day on Wednesday, showing weakness. However, we recognize that the market has been consolidating between the 1.11 level below, and the 1.13 level on the top. With that, more bouncing around is probably going to be the case today, as the jobs number comes out tomorrow. The jobs number of course will move the markets in general, and especially the value of the US dollar. We do have an upward bias though, as the market has such support, not only in the form of the 1.11 handle, but an uptrend line below there.