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Trading recommendations for EUR / USD on August 25.
Analysis of transactions
The absence of macroeconomic reports created a bullish mood in the euro this morning, but it was not enough to make large movements in the EUR / USD pair. Hence, movement from the level of 1.1816 gave only about 25 points of profit, after which price began to decline in the market.
The upcoming report on the German economy is also set to put pressure on the European currency. Any reduction in the data will lead to another wave of price decrease in the EUR / USD pair.
At the same time, the report on consumer confidence in the United States scheduled to be released this afternoon could also affect the rate of the euro, so a decline is very much expected in the pair today in the market.
Trading recommendations for GBP / USD on August 25.
Analysis of transactions
Recent price movement in the pound only gave about 20 points of profit, as the absence of macroeconomic reports slowed down activity in the market. Nevertheless, a buy signal has been generated in the GBP / USD pair.
The upcoming data on UK retail sales may also support a rise in the pound, but if there is no growth after the release of data, transferring into sell deals is the best action since the direction of the pair is actually downward.
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