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.

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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.

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The material has been provided by InstaForex Company - www.instaforex.com

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