Trading Recommendations and Analysis for EUR/USD on September 4; The Euro Slowly Slides Downward

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Trading Recommendations and Analysis for EUR/USD on September 4; The Euro Slowly Slides Downward


Analysis of EUR/USD 5M




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04.09.2024 08:05 AM






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Analysis of EUR/USD 5M On Tuesday, the EUR/USD pair edged lower again. We cannot say this was due to macroeconomic data, as the only somewhat important report of the day—the ISM Services Sector Index in the U.S.—was mediocre in significance. Nevertheless, the euro should generally move downward, as its current positions are unreasonably high. Therefore, we welcome any fall in the EUR/USD pair.Unfortunately, there will be enough U.S. reports this week that could pressure the dollar. The




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