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On Monday, the EUR/USD pair first rose above the level of 1.0760 and then returned to the corrective level of 61.8% (1.0722). A rebound from this level suggests a potential.
USD/JPY: trading tips for beginners for the European session on July 2
Overview of trading and tips on USD/JPY The price test of 161.15 in the second half of the day occurred when the MACD indicator started to rise from the zero.
The ECB needs more time and data
President Christine Lagarde and her chief economist stated yesterday that the European Central Bank does not yet have sufficient evidence to conclude that the threat of inflation has passed. This.
EUR/USD and GBP/USD: Technical analysis on July 2
Yesterday, the pair tested the resistance around 1.0767 (weekly and monthly Fibonacci Kijuns), but as a result, there was a long upper shadow. The bulls' weakness.
Technical Analysis of Intraday Price Movement of GBP/AUD Cross Currency Pairs, Tuesday July 02, 2024.
If we look at the 4-hour chart of the GBP/AUD cross currency pair, we can see a deviation between the price movements of these currencies which makes a Lower.
Technical Analysis of Intraday Price Movement of CAD/JPY Cross Currency Pairs, Tuesday July 02, 2024.
With the appearance of deviations between the price movements of the CAD/JPY currency pair on the 4-hour chart which forms a Higher High while the Awesome Oscillator indicator actually forms.
Key events on July 2: fundamental analysis for beginners
There are several macroeconomic events scheduled for Tuesday, but Monday has already shown us that the market is ready to ignore economic reports. For instance, yesterday, the market ignored.
Forecast for EUR/USD on July 2, 2024
EUR/USD Yesterday, the euro closed below the Kijun-sen line with a large upper shadow. The euro has failed to reach the target level of 1.0788, and it is likely.
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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.