The EUR/USD pair initially fell during the day on Thursday, crashing into the 1.11 region. However, we did get a little bit of a bounce so at this point in time we think that the volatility will continue in general. With today being Nonfarm Payroll Friday, we expect a lot of back and forth action in quite frankly would be more than willing to simply step to the sidelines at this point in time. With the European Central Bank suggesting that it was ready to add more stimulus to the economy, this of course was the catalyst for the Euro to selloff. However, the markets are starting to wonder whether or not the Federal Reserve can do the same. With this, expect a lot of back and forth trading.
EUR/USD Forecast September 4, 2015, Technical Analysis