Evening review on EURUSD for June 2, 2020

Comparison of the two graphs:

This is the USDJPY in D1 chart which shows a clear signal for the growth of the dollar.

Exchange Rates 02.06.2020 analysis

This is the euro in H4 chart which clearly shows growth against the dollar.

With the given data above, we, therefore, conclude that one of these instruments is deceiving us. But it could also mean that either the euro or the dollar will rise.

You may consider purchases from 1.1155 euros. Stop at 1.1110 and target at 1.1500.

Note that the employment report is set for tomorrow.

Source: Evening review on EURUSD for June 2, 2020

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