EUR/USD: Simple Trading Tips for Beginner Traders – August 1st (U.S. Session)
EUR/USD: Simple Trading Tips for Beginner Traders – August 1st (U.S. Session)
Trade Analysis and Recommendations for the
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Trade Analysis and Recommendations for the EuroThe test of the 1.1413 level occurred when the MACD indicator had already significantly declined below the zero mark, which limited the pair's downward potential. For this reason, I did not sell the euro.The downward revisions to the Eurozone's manufacturing PMI indices left the euro with no chance of strengthening. Disappointing European data raised concerns about a potential economic slowdown in the region, increasing market fears that the European Central Bank may resume its
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