EURUSD technical analysis 02.06.2020
The pair is consolidating ahead of the US employment numbers release. If they are positive, the pair is expected to rise locally as the dollar loses demand as a safe haven currency.
Technical side:
The price is above the middle Bollinger band, above SMA 5 and SMA 14. Moving Averages suggest buying. RSI is above 50% and indicates possible further rise. Stoch are below the overbough zone and are uninformative.
EURUSD rate online: monitor the price movement in real time.
Trading recommendations:
The pair is highly likely to rise to 1.1350 amid the positive employment numbers in the US.
