EUR/USD Forecast May 4, 2012, Technical Analysis


The EUR/USD pair fell for most of the Thursday session, but bounced in order to form a hammer for the day. The jobs number will be one that could move this market today, as the traders try to figure out what the odds of the Fed easing in the US are. The European Union sees a French election that could rock the markets as well, so it is no surprise that at the end of the day on Thursday - this pair had barely changed. With all of this in mind, we are waiting until Monday to make a trade, as the election could move this pair as well - and it's over the weekend.

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Originally posted here


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