EUR/USD Forecast July 4, 2014, Technical Analysis

The EUR/USD pair fell during the course of the day on Thursday, as the jobs number out of the United States came out better than originally anticipated, so this of course grow the value of the US dollar higher against most currencies. The European Central Bank course has suggested that it was ready to do whatever it took to keep the market and economy afloat, and as a result it appears that the ECB could keep monetary policy loose, and perhaps even add to that loosened monetary policy. However, there is a significant amount of noise below, so really this market still looks as if it’s ready to bounce around.

 

EUR/USD Forecast July 4, 2014, Technical Analysis