EUR/USD Forecast June 3, 2016, Technical Analysis

The EUR/USD pair initially tried to rally during the day on Thursday, but turned around to form a negative candle. Because of this, looks as if the market is going to simply continue to consolidate around this area, but keep in mind that the EUR/USD pair tends to be very sensitive to the Nonfarm Payroll Numbers coming out today, so at this point in time we are more than likely going to have to stay on the sidelines and simply let this thing tell us what it wants to do on the daily close.