empty
 
 
04.08.2021 09:18 AM
Hot forecast for EUR/USD on August 4, 2021

This image is no longer relevant

Today, in terms of the economic calendar, data on retail sales in the Eurozone will be published, where they are predicted to reduce their volume in the period of June, which will negatively affect the euro exchange rate.

During the US session, preliminary data on the level of employment in the United States will be published, where growth is predicted, which will have a positive impact on the labor market and the US dollar.

The EUR/USD currency pair, last Friday, met a resistance level on its way in the face of a price value of 1.1900, relative to which a pullback and then stagnation in an amplitude of 1.1850 / 1.1900 occurred.

The market dynamics decreased after the price stagnation took place, but we are probably dealing with the process of accumulation of trading forces, which may well lead to a new round of acceleration in the market.

On the trading chart on the scale of the daily period, it is visible that the quote follows a corrective pattern from the support point of 1.1750 to the resistance level of 1.1900.

Expectations and prospects

The resistance level of 1.1900 still puts pressure on long positions, which leads to the stagnation stage. In this situation, it is worth working on the tactics of breaking a particular border, set at a stagnation of 1.1850/1.1900, where the outgoing impulse will indicate the next path in the market.

Complex indicator analysis has a variable signal relative to the short-term and intraday periods, due to price stagnation.

This image is no longer relevant

Dean Leo,
Especialista em análise na InstaForex
© 2007-2024
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $8000 mais!
    Em Março nós sorteamos $8000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 100%
    Sua oportunidade única de receber um bônus de 100% em seu depósito
    RECEBA O BÔNUS
  • Bônus de 55%
    Solicite um bônus de 55% em cada depósito
    RECEBA O BÔNUS
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback