Forex EUR/USD Daily Video, August 02, 2022

Sive Morten

Special Consultant to the FPA
Good morning,

As politics intrudes we prefer to stay aside by far with new long positions. Pelosi arrival to Taiwan is expected around 14:30 CET, so risks of big volatility are high. Any conflict always works in favor of USD. Thus, we intend to watch for 1.0163-1.0172 K-support retracement first to make decision on entry.