After the U.S. jobs report last week, the euro started to recover from its drop—from 1.1788 down to around 1.14.
Yesterday, the euro tried twice to go above 1.16 but failed both times. This shows that the buying has mostly finished.
The euro had gone up because people thought the U.S. would cut interest rates soon. But that idea is already mostly included in the market price. Now, it seems the euro may start to fall again.
Expected EUR/USD price range: 1.1510 – 1.1600 USD
Note: This information does not guarantee profits. Please make your own decisions when trading.