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Trading recommendations for the EUR / USD pair on July 30
EUR / USD
Analysis of transactions
The movement of the quote towards the level of 1.1745 led to a good buy signal to the euro, which traders worked on during the American session, and gave a profit of about 50 points.
The two-day FOMC meeting, which was very important for the US dollar, did not lead to significant changes in the market yesterday, considering that no changes were made to the interest rates, which remains at its same level of 0.25%. Thus, in the near future, a rise in the US dollar is expected, followed by a drop on the euro in the trading chart.
Trading recommendations for the GBP / USD pair on July 30
GBP / USD
Analysis of transactions
The buy signal for the pound, which occurred after the quote reached the level of 1.2938, gave about 40 pips of profit.
Important reports on the UK economy are lacking today, so the pound is not expected to continue to rise in the trading chart. Most likely, the demand for the US dollar will return, and the British pound will weaken and start to decline.
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