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02.04.202105:31 Forex Analysis & Reviews: Forecast for EUR/USD on April 2, 2021

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EUR/USD

The euro rose by 45 points on Thursday, fueled by the intrigue of a strong decrease in applications for claims for unemployment benefits, which reached 719,000 against 658,000 a week earlier and the forecast of 678,000. But the March index of employment in the manufacturing sector was 59.6 against the forecast of 53. 0, so today's data on unemployment and new jobs in the nonfarm sector is still expected to be strong. The forecast for Non-Farm is 647,000 against 379,000 in February, for unemployment 6.0% against the previous 6.2%. We are waiting for the price to fall below 1.1700 with the prospect of a decline to the target level of 1.1560.

The signal line of the Marlin oscillator has reached the upper line of its own triangle and now, according to our main scenario, is ready to reverse from it with an exit from the triangle to the downside.

The price has reached the MACD indicator line on the four-hour chart, and a downward reversal is likely from it.

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