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| EUR/USD 4-hour chart, source: forexfactory.com |
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| EUR/USD weekly chart, source: forexfactory.com |
The currency pair EUR/USD finished in the market with long cross candle last week. It made long negative candles for two weeks before the long cross candle. The price of the currency pair fell till Wednesday and turned its direction and began to recover the loss that day.
But the main trend of Euro seems downward trend explicitly yet. The remarkable signal from the market is not occurred and economy circumstance around Euro is not friendly. Market participants expect Fed will raise its Fundamental Fund Rate next month and so-called Trumpnomics is anticipated the strong dollar. Though the plunge of Euro stopped last week, it will fail to turn the direction of the trend.
And the hot event in the currency market, U.S. Non-farm employment change is scheduled on this Friday. The market anticipates more workers than previous index. It is expected the increase of 165 thousands workers and previous index is 161 thousands. It may support the Fed's decision.
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