Strong US Economic Numbers: EURUSD Going Down
EURUSD is in a range bound market as both the Federal Reserve and European Central Bank are looking to cut rates by the end of 2024. The ECB has already cut rates, and the Fed is expected to cut rates in September.
Today's strong US GDP numbers will put further bearish pressure on this pair.
On Friday 2nd August we have US Non Farm Payroll Employment Numbers. If actual numbers beat forecasts, we can see EURUSD move towards 1.07.
Today's strong US GDP numbers will put further bearish pressure on this pair.
On Friday 2nd August we have US Non Farm Payroll Employment Numbers. If actual numbers beat forecasts, we can see EURUSD move towards 1.07.
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