empty
 
 
en
Support
Instant account opening
Trading Platform
Deposit/Withdraw

02.08.202304:23 Forex Analysis & Reviews: Forecast for EUR/USD on August 2, 2023

EUR/USD

Euro once again tested the balance line of the daily timeframe and bounced upwards to test resistance at 1.1012. Since the Marlin oscillator continues to decline, the move towards 1.0924 will likely happen.

Exchange Rates 02.08.2023 analysis

The failure to surpass this support will lead to a deep correction towards the range of 1.1068/92.

On the four-hour chart, the Marlin oscillator entered the positive zone.

Exchange Rates 02.08.2023 analysis

Although the pair did not overcome 1.1012 for the first time, it could still rise to 1.1068/92 if it manages to secure itself above the level. But if it drops below 1.0953, it will likely head towards 1.0924.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Laurie Bailey,
Analytical expert of InstaSpot
© 2007-2024
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Can't speak right now?
Ask your question in the chat.