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Trade ideas thread - European session 27 July 2023

The dollar is now on the backfoot again but it's not as bad as it looks. At least not compared to when we saw the rout two weeks ago. EUR/USD is still down 0.3% on the week and I reckon that there is scope for the euro to soften, especially if the ECB doesn't deliver on anything to reassure markets of a September rate hike - which I would pin as the baseline for today.GBP/USD is in a better spot as it pushes back above its 200-week moving average of 1.2888 but can buyers pull through to crack ab... Read More

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Trade

Ideas

Thread

European

Session

July

2023

Forex

Posted: Jul 27 2023, 05:38

Author Name: forexlive

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