Forex EUR USD Forecast

Forex EUR USD Forecast - Daily published professional analytical forecasts for the main currency pair Market Forex: the EUR USD!

Forecast and technical analysis EURUSD on August 03, 2018.

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EURUSD: markets await NFP

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On Thursday the 2nd of August, trading on the euro closed down. By the time trading closed, the euro had dropped to 1.1582 against the greenback. The euro’s decline was catalysed by the dollar’s universal rise following the conclusion of the FOMC meeting combined with the selloff of risky assets as tensions between the US and China over trade turned up another notch.

Trading plan Forex for 03.08.2018

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The major currencies spent the night in consolidation, which means the EUR/USD stopped at 1.16, and USD/JPY drifted at 111.70. The market has maintained the strength of the dollar from the New York session and now awaits patience with the NFP report. In a wider sense, the sentiment deteriorates, which is reflected in the strengthening of the dollar to emerging markets. Trade wars remain in the foreground; loses Chinese yuan to 6.88 per dollar.

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