💬Description: The top of final week turned out to be fairly fascinating. The principle currencies had been capable of get better in opposition to the greenback, though they had been anticipated to fall extra deeply on the NFP. Nonetheless, this restoration isn’t anticipated to final lengthy.
Firstly of the week, no notably necessary knowledge is predicted; some roughly necessary occasions for the market can solely be generated by the geopolitical background. The second half of the week might be fairly busy. The buyer value index might be revealed in a lot of international locations, with particular consideration, in fact, paid to the USA and Germany.
Primarily based on technical evaluation and quantity accumulation, the US greenback will more than likely proceed to develop within the second half of this week. For EURUSD, we are able to assume a reversal roughly within the space of 1.06167 – 1.06350, the place push quantity was beforehand shaped. Native lows and their updates (beneath 1.04500) are thought-about the goal for the autumn.
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