Level and Target Adjustments for the U.S. Session – August 1st
Level and Target Adjustments for the U.S. Session – August 1st
The euro was effectively traded using
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The euro was effectively traded using the Mean Reversion strategy, while the Japanese yen and the British pound followed the Momentum strategy.The eurozone and UK manufacturing PMI indices were revised downward, which prevented both the euro and the pound from showing any growth even in the first half of the day. Weak data from Europe intensified concerns about slowing economic growth in the region. Investors are increasingly worried that the European Central Bank's decision to hold off on rate cuts
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