Main Quotes Calendar Forum
flag

FX.co ★ Forecast for EUR/USD on September 3, 2021

parent
Forex Analysis:::2021-09-03T02:45:02

Forecast for EUR/USD on September 3, 2021

EUR/USD

Markets are fully prepared for today's US employment data. The dollar index lost 0.31% yesterday, yields on annual US bonds rose from 0.066% to 0.076%, which speaks of doubts among investors about today's good results. The forecast for Nonfarm Payrolls is 750,000, unemployment is expected to decrease from 5.4% to 5.2%. Alternative calculations for Nonfarm show about 300,000 new jobs. Such an indicator is unlikely to be able to stop the euro's growth.

On the daily chart, the price is approaching the target level 1.1920. Overcoming it opens the second target at 1.1975 - the top on June 25.

Forecast for EUR/USD on September 3, 2021

On a four-hour scale, the price is gradually gaining the rate of rise, being above the growing indicator lines. The Marlin Oscillator does not show signs of a reversal, we are waiting for the euro to rise towards the designated targets.

Forecast for EUR/USD on September 3, 2021

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...