

Market Analysis
EURUSD
Prediction: Decline
Fundamental Analysis:
EUR/USD saw a modest recovery on Wednesday, rebounding from its recent dip and finding support around the 1.1050 level. Despite this slight midweek rise, the pair continues to struggle below the 1.1100 threshold. The spotlight remains on US labor data ahead of Friday’s Nonfarm Payrolls (NFP) report, which will likely influence market sentiment. On the European side, the focus shifts to the upcoming Retail Sales report. Set for release on Thursday, July's EU-wide Retail Sales are anticipated to show a slight improvement of 0.1% year-on-year, following a -0.3% decline in the previous month.
Technical Analysis:
EUR/USD has retreated to key short-term technical levels, with buyers attempting to maintain balance, though a full recovery has yet to materialize. Last week, the pair briefly hit a 13-month high, surpassing $1.1200, but recent US dollar strength has hindered the sustainability of those gains. While EUR/USD remains above the 200-day Exponential Moving Average (EMA) at $1.0845, it is under growing pressure. Sellers are targeting levels just above the 50-day EMA at $1.0956, posing a potential downside risk.
Disclaimer
Derivative investments involve significant risks and may result in the loss of the capital you invest. You are advised to carefully read and study the legality of the company, products, and trading rules before deciding to invest your money. Be responsible and accountable in your trading.
RISK WARNING IN TRADING
Transactions via margin involve products that use leverage mechanisms, carry high risks, and are certainly not suitable for all investors. THERE IS NO GUARANTEE OF PROFIT on your investment, so be wary of those who guarantee profits in trading. You are advised not to use funds if you are not prepared to incur losses. Before deciding to trade, ensure that you understand the risks involved and also consider your experience.