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03.08.202013:00 Forex Analysis & Reviews: Trader's diary on 08/03/2020. EURUSD and US market

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

We buy dollars and euros with pullbacks to the average day (three colors on the chart).

Exchange Rates 03.08.2020 analysis

It is clearly seen that the US market is targeting the highs of the year and will not retreat until it reaches it. Selling from the highs of the year will be considered. The dollar's decline helps the market grow.

Exchange Rates 03.08.2020 analysis

EURUSD:

The upward trend remains.

Here is the important news for the week:

The ISM industrial report will be released today at 14:00 Universal time.

We buy euros from the level of 1.1700 and below.

Jozef Kovach
Analytical expert of InstaForex
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