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| EUR/USD 1-hour chart, source: forexfactory.com |
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| EUR/USD weekly chart, source: forexfactory.com |
Though the candle in weekly chart of EUR/USD is positive but it seems that Euro loses against U.S. dollar.
The price of currency pair EUR/USD rose at the beginning of the market this week but returned its profit soon. It moves up and down making a upward support line in one hour chart. It made a peak at 1.06 and is under the adjustment.
The adjustment seems to be continued and turn down eventually this week.
The economy situation around the currency market is not friendly to Euro and currencies of emerging countries but supports the strong dollar.
It is almost certain that Fed will raise the benchmark rate next month, and the non-farm payroll is announced on Friday.
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