EURUSD Daily Analysis – August 1, 2023

The EURUSD pair remains entrenched in a downtrend, stemming from 1.1275. The recent bounce from 1.0943 is likely a period of consolidation within the overall downtrend. As long as the price stays below the falling trend line on the 4-hour chart, there is a strong indication that the downside move will continue. Traders can anticipate … <a href="https://www.forexcycle.com/short-term-forex-analysis/136470-eurusd-daily-analysis-august-1-2023.html">Continue reading<span> "EURUSD Daily Analysis – August 1, 2023"</span></a>