Level and Target Adjustments for the U.S. Session – August 7th

Level and Target Adjustments for the U.S. Session – August 7th

Back Forecast

Back Forecast

Level and Target Adjustments for the U.S. Session – August 7th

The euro and the Canadian dollar

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07.08.2025 01:06 PM

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07.08.2025 01:06 PM

The euro and the Canadian dollar were traded today using the Mean Reversion strategy, while the Australian dollar and Japanese yen were suitable for the Momentum strategy.Following the release of weak German industrial production data, which pointed to continued slowdown in the eurozone's largest economy, along with mixed trade balance figures, the euro faced pressure in the first half of the day. Despite this, the euro showed some resilience, likely supported by expectations of dovish signals from Federal Reserve officials.In

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