EUR/USD Forecast February 3, 2017, Technical Analysis

EUR/USD daily chart, February 03, 2017

The EUR/USD pair rallied during the day on Thursday, as the 100-exponential moving average is offering support. We did give back a little bit of the gains, but I think given enough time we will continue to go higher. The Nonfarm Payroll numbers coming out during the session today will of course have a massive influence on where this market goes next, but I recognize that there is a lot of support underneath, so I believe that more than likely this market will reach to the upside as a result, and with this I am mildly bullish.

Written by FX Empire