Review of EUR/USD on August 12; Will U.S. inflation bring the dollar closer to a new decline?

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Fundamental analysis



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Fundamental analysis


Review of EUR/USD on August 12; Will U.S. inflation bring the dollar closer to a new decline?


The EUR/USD pair showed no interesting




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12.08.2024 03:48 AM






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12.08.2024 03:48 AM




The EUR/USD pair showed no interesting movements or desire to trade on Friday. The daily volatility was 23 pips, which says a lot. In general, the pair stayed in one place all day. However, it remained above the moving average line in the 4-hour time frame, so the upward trend is intact. Recall that the latest dollar slump followed weak unemployment and Non-Farm Payroll reports in the U.S. At the same time, the quotes have stayed on the horizontal channel




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