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The EUR/USD pair has reached the upper range of the psychological level of 1.1000/1.1050 during the corrective phase. The scale of the correction has been approximately 1.3%. In the 4-hour.
Hot forecast for EUR/USD on August 26, 2024
Over the past week, the euro has appreciated by almost 1.5% against the US dollar, bringing the price closer to the local peak of the upward trend. In the 4-hour.
Hot forecast for EUR/USD on August 21, 2024
During its momentum-driven rise, the EUR/USD pair reached an eight-month high, where the volume of long positions slightly decreased. In the 4-hour chart, the RSI technical indicator.
Hot forecast for EUR/USD on August 16, 2024
The unexpected acceleration in the growth rate of retail sales in the United States from 2.0% to 2.7%, especially given that a slowdown from 2.3% to 1.8% was anticipated, immediately.
Hot forecast for EUR/USD on August 13, 2024
Although the market situation has remained unchanged overall, the dollar weakened a bit. However, the scale of movement is relatively insignificant. Instead, it indicates the general sentiment regarding further weakening.
Hot forecast for EUR/USD on August 8, 2024
No significant changes occurred in the currency market yesterday, which was largely expected. Not only was the economic calendar empty, but the market also needed to recover after a sharp.
Hot forecast for EUR/USD on August 5, 2024
Of course, everyone was expecting some gradual deterioration in the state of the U.S. labor market. But nobody could have nightmares about what happened last Friday. First and foremost.
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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.