FX MARKET REPORT 04.08.2020

FX MARKET REPORT 04.08.2020

FX MARKET REPORT 04.08.2020

Daily Commentary
Daily Commentary
FX MARKET REPORT 04.08.2020
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FX MARKET REPORT 04.08.2020

GBP/USD bears catch a breather after a two-day losing streak, pullback  from 1.3000 be the key. GBP/USD stays depressed following the break of  an eight-day-old rising trend line. Failures to cross March month’s  high, lower high formation favour sellers. Bulls seek a clear break of  1.3200 to extend the previous upside. EUR/USD is fighting with the  1.1780 resistance as Tuesday’s 4-hour chart is showing the currency pair  bounced off 1.17, a critical support. On the flip side, the 1.1735  level is the first support seen. The U.S. Dollar Index was down 0.1% at  93.442. USD/JPY was up 0.1% at 106.05.

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GBP/USD bears catch a breather after a two-day losing streak, pullback  from 1.3000 be the key. GBP/USD stays depressed following the break of  an eight-day-old rising trend line. Failures to cross March month’s  high, lower high formation favour sellers. Bulls seek a clear break of  1.3200 to extend the previous upside. EUR/USD is fighting with…

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