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The euro is confidently moving towards the previously announced target of $1.08, despite the ongoing political uncertainty in France, the slowdown in European consumer prices, and the statement by Governing.
Analysis of GBP/USD pair on July 3rd. FOMC Minutes – the last event before Independence Day
The wave pattern for GBP/USD remains quite complex and ambiguous. The successful attempt to break through the 50.0% Fibonacci level in April indicated the market's readiness to build the downward.
XAU/USD: a gap from 2318.00
In an alternative scenario, if the 2318.00 mark is breached, the decline could continue to the lower boundary of the range and support levels at 2300.00 and 2285.00. A subsequent.
EUR/USD. Can we trust the price increase?
Today, the euro/dollar pair has overcome the resistance level of 1.0750 (the middle line of the Bollinger Bands indicator on the D1 timeframe) and is now attempting to approach.
GBP/USD. July 3rd. Powell allows for a rate cut this year
On the hourly chart, the GBP/USD pair rebounded from the support zone of 1.2611–1.2620 on Tuesday, reversed in favor of the British pound, and rose towards the resistance zone.
EUR/USD: trading tips for beginners for the European session on July 3
Overview of trading and tips on EUR/USD There were no price tests of the levels I mentioned during the US session. The euro was still in demand.
Key events on July 3: fundamental analysis for beginners
There are fewer macroeconomic events on Wednesday, but there will be important reports. However, the last two days showed us that the market, regardless of the macroeconomic background.
Technical Analysis of Intraday Price Movement of EUR/NZD Cross Currency Pairs, Wednesday July 03, 2024.
If we look at the 4 hour chart of the EUR/NZD cross currency pair, it can be seen that there is a strengthening correction which is marked by its movement.
Technical Analysis of Intraday Price Movements of the AUD/JPY Cross Currency Pair, Wednesday 03 July 2024.
On the 4-hour chart, the AUD/JPY cross currency pair is trying to broke above the 107.95 level, but with the appearance of deviations between the AUD/JPY price movement which forms.
Trading Signals for BITCOIN (BTC/USD) for July 3-8, 2024: buy above $60,200 (21 SMA - 4/8 Murray)
We can see that Bitcoin has formed an uptrend channel. In case it continues above the psychological level of $60,000, we could expect a technical rebound to occur.
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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.