Analysis of the Forex currency market on 2.08.2023

Hello. Below are some recommendations for trading in the Forex market on 2.08.2023


On the EURUSD pair, we stubbornly do not want to go below the 50% zone and today we almost completed the Doji pattern. But there is one thing that is worrying. Divergence with the dollar index, it safely makes new highs, entering FVG in the «premium prices» above 50%. Tomorrow the news background is weak, and it is doubtful to expect cardinal changes, but on Thursday and Friday we can show something. For now, I'll just keep watching, maybe tomorrow we'll catch up with the index. But in FVG I will look at the reaction, and if there are reasons, I will start looking at purchases, with the expectation of a resumption of growth and a continuation of the trend.

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