Forex EUR/USD Daily Video, August 16, 2024

Sive Morten

Special Consultant to the FPA
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19,191
Good morning,

WIth the recent PPI, CPI and now the Retail Sales data fears around recession calm down a bit. It means that as US yield as US Dollar could restore some lost positions.
Now we consider 1.0880-1.090 area as the first level where it is possible to consider long position, at least theoretically:

 
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