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29.07.202010:34 Forex Analysis & Reviews: Trader's diary on 07/29/2020. EURUSD

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Exchange Rates 29.07.2020 analysis

EURUSD:

The euro is rising ahead of the Fed's meeting.

However, buying is not very interesting since the risk / reward ratio is not very good.

We are ready to buy from the level of 1.1670 and below.

Fed's meeting will be at 18:00 Universal time.

An important report on US GDP for the second quarter will be released tomorrow, July 30 at 12:30 Universal time.

Jozef Kovach
Analytical expert of InstaForex
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