EUR/USD: The Dollar Index recovers value; the next target is 106.000 so all the pairs against the USD may have a drop today, this is the scenario for the EUR/USD inside a Bearish channel where in the last hours it started to make Lower-highs and Lower-lows where a possible breakout of the support at 1.0500 may let drop the price between 50 and 100 pips. Today the Economic calendar shows a full day of key events like the US Unemployment Rate, Average Hourly, Non-Farm Employment Change, and Unemployment Rate. Our forecast is bearish.
do you think the upward movement of the last few hours has invalidated this scenario?