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Trading recommendations for the EUR / USD pair on August 14
Analysis of transactions
The signal to buy the European currency from the level of 1.1819 worked positively yesterday, allowing about 30 points of profit to be taken from the market. The increase came after the publication of good data on eurozone inflation, after which the closing of long positions broke the bullish trend and turned down the quote in the price chart.
Today, euro may start to decline amid strong contraction in the eurozone economy for the second quarter. Good data on US retail sales in the afternoon will also contribute to the rise of the dollar and decrease of the EUR / USD pair in the market.
Trading recommendations for the GBP / USD pair on August 14
Analysis of transactions
The signal to buy the pound from the level of 1.3074 worked positively, giving a profit of more than 30 points from the market.
Data on the volume of retail trade in the US will be published today, which could restore demand for the US dollar provided that the figure comes out better than the forecasts. A good performance will increase the pressure on the British pound, and lead to a decline in the GBP / USD pair in the market.
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