EUR/USD analysis for August 05 2020 - Strong upside condiiton and potential for test of 1.1900
Watch for buying opportunities on the dips...
Trading recommendations for the GBP/USD pair on August 5
Will the quote update the local high? Or will the movement remain ambiguous in the market? Details are inside the article.
Trading plan for EUR/USD on August 5, 2020. Coronavirus and important news in the US
US employment report for July to come out at 13:15.
Analysis of EUR/USD and GBP/USD for August 5. Trump diverts American's attention away from coronavirus with Beirut's explosion
The American president took advantage of the tragic situation in Lebanon and said that Beirut was "attacked by someone."
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Analysis and forecast for GBP/USD on August 5, 2020
It is the last two trading days of the current five-day period that will determine the exchange rate of the pound/dollar currency pair and significantly affect the closing price of weekly trading
Trading recommendations for the EUR/USD pair on August 5
High dynamics focuses on itself speculative interest. Whether it is worth expecting a continuation of the correction or an update of the highs already will be found inside the article
Simplified wave analysis and forecast for EUR/USD and USD/JPY on August 5
There are no conditions for purchases in the euro market today. In the area of the calculated resistance, it is recommended to track reversal signals to search for entry into short positions.
EUR/USD. August 5. COT report. Traders are not ready to buy US currency. The information background for the dollar remains extremely difficult
Bull traders still have excellent chances of resuming the pair's growth. In America, nothing is changing for the better, graphic factors are also in favor of the euro
GBP/USD. August 5. COT report. Traders are waiting for the Bank of England meeting and are still inclined to sell the British dollar. The main thing is not to miss the pair above the level of 1.3100
Both large and small traders are preparing for a possibly prolonged fall in the British pound. However, they do not have enough information to push for new sales
Hot forecast and trading recommendations for EUR/USD on August 5, 2020
To be honest, the market is behaving somewhat strangely, and it seems that European traders do not care about macroeconomic statistics.
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