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Trading recommendations for EUR / USD on August 26.
Analysis of transactions
Dollar remains trading in the market even amid disastrous US consumer sentiment report. This suggests that the market is playing in the hands of the bulls at the moment, so a rise in dollar and plunge in euro may well occur in the near future.
At the same time, data on US durable goods orders is scheduled to be released today, which will very much indicate the confidence of consumers on their financial positions in the future. Good data will certainly help raise demand for the dollar, but reduced orders will negatively affect the currency's position in the market.
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