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In my morning forecast, I paid attention to the level of 1.0847 and planned to make trading decisions from it. Let's look at the 5-minute chart and see what happened.
GBP/USD Analysis on July 26. Market Maintains Downward Momentum
The wave pattern for GBP/USD remains quite complex and ambiguous. For a while, the wave structure looked convincing, suggesting the formation of a downward wave set with targets below.
Trading Signals for EUR/USD for July 26-29, 2024: buy if breaks 1.0665 (21 SMA - 2/8 Murray)
Since the eagle indicator is showing a positive signal and any pullback is highly possible as long as EUR/USD trades above 1.0828, it will be seen as a signal.
Forecast of GBP/USD on July 26, 2024
On the hourly chart, the GBP/USD pair consolidated below the zone of 1.2892–1.2931 on Thursday, allowing for further decline towards the next support zone of 1.2788–1.2801. I still.
EUR/USD: trading tips for beginners for the European session on July 26
Overview of trading and tips on EUR/USD The price test of 1.0864 occurred when the MACD indicator had moved significantly above the zero mark, which limited the pair's upward potential—especially.
Key events on July 26: fundamental analysis for beginners
Few macroeconomic events are scheduled for Friday, and none are particularly significant. The event calendars for the European Union, Germany, and the United Kingdom are empty. At the same time.
Forecast for EUR/USD on July 26, 2024
EUR/USD Most major currencies, oil, gold, and the S&P 500, reached their technical support targets yesterday. Even the yield on 5-year U.S. government bonds hit last week's (and the month's).
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This section is updated daily and contains market analysis prepared by professional analysts on behalf of InstaForex. Each of the specialists presents analytical reviews in accordance with his/her vision of the current situation on the foreign exchange and other markets. However, the outlooks below are neither recommendations nor instructions to any actions. They contain analysis of the current situation on financial markets. In some cases, analysts' opinions about current market conditions may differ.