Technical Analysis of EUR/USD for August 10, 2020:
Euro tests the lower channel line
Forecast for EUR/USD on August 10, 2020
The euro is preparing to decline to the initial target of 1.1620 on August 10.
Forecast for USD/JPY on August 10, 2020
USD/JPY maintains the upward trend from July 31 on August 10.
Hot forecast and trading signals for the GBP/USD pair on August 10. COT report. Buyers retreat, failing to take the 1.3169 level. A chance for bears!
The US dollar began to show signs of life after the release of a good package of statistical information in the United States. But how long did the bulls take time out?
Hot forecast and trading signals for the EUR/USD pair on August 10. COT report. Major players continue to buy euros, but the upward trend is nearing completion
US data on Friday helped the US dollar and technical factors are also on the side of this currency. Are the bears ready to continue building on local success?
Email Subscription
Do you want to receive Forex analytics newsletter to your email?
Subscribe to analytics newsletter and get fresh daily reviews prepared by InstaForex professional analysts. You can choose which type of analysis and from what analysts you wish to recieve to your email address daily. Be on top of the Forex market events with InstaForex!
Overview of the GBP/USD pair. August 10. The pound is preparing for the publication of the UK GDP. Trump is closing the gap with Biden. Democrats and Republicans continue to negotiate.
The US currency may continue to strengthen and even form a strong trend if the flow of disappointing news from America stops.
Overview of the EUR/USD pair. August 10. The US labor market is recovering, and unemployment is falling. Donald Trump promises everyone a tax break and $ 400 a week in allowances.
However, all these generous proposals of Trump were not approved by either Congress or the Democrats, that is, in fact, they are "empty". Meanwhile, the US economy is starting to recover slowly.
Analysis and trading signals for beginners. How to trade the EUR/USD pair on August 10? Analysis of Friday. Preparation for trading on Monday
Nonfarm Payrolls report provided strong support for the US currency. Now we are waiting for the US dollar to continue growing (fall of the EUR/USD pair).
Trend line analysis on EURUSD
EURUSD is showing signs of weakness. EURUSD justifies a pull back towards the medium-term upward sloping trend line support, specially if price breaks below the horizontal support at 1.1720-1.17.
EUR/USD. "Green" Nonfarms and bad news from Capitol Hill
Data published today on the growth of the US labor market provided support to the dollar. But the growth of the greenback was limited: for a more confident growth, dollar bulls lack the last puzzle, "worth" one trillion dollars.
Gold declines after months of rallying up
The price of gold turned to a negative correction this morning, which was caused by an unexpected strengthening of the greenback. However, the precious metal still has the opportunity to be noted for the longest and most rapid rise, which has only been over the past ten years.
Underestimated US economy startles EUR
Despite the resurgence in the coronavirus rates, experts have spotted the green shoots of recovery in the US.
August 7, 2020 : EUR/USD daily technical review and trade recommendations.
Intraday traders should be considering the current breakdown of the depicted short-term uptrend line. A Breakdown below the price level of 1.1650 is going to give a better confirmation for a valid SELL Position. Estimated targets would be located around 1.1550, 1.1500 then 1.1450.
Predstavljamo Vam svakodnevno ažuriranu sekciju analiza, koja se sprovodi od strane profesionalnih analitičara kompanije InstaForex. Svaki od stručnjaka koji su predstavljeni u ovom odeljku, vrši analitička istraživanja u skladu sa svojom vizijom trenutne situacije na međunarodnom Forex tržištu. Međutim, sve predstavljeno u opisu nije direktna preporuka ili razlog za akciju, jer ona sadrži isključivo analizu trenutne situacije na valutnom tržištu. U određenim slučajevima mišljenja analitičara o promenama trenutne tržišne situacije se mogu razlikovati, ovim putem, preporučujemo Vam da pratite publikacije samo jednog analitičara, koji je po Vašem mišljenju najjasniji i pravilno ocenjuje situaciju na međunarodnom Forex tržištu.
