Good day forex traders.

Had a long day but i just wanted to drop a few notes regarding the EUR/USD.

We noted that the EUR/USD received a bullish boast previously due to the improved sentiments and optimism.

The EUR/USD is currently trading in a narrow range. This is actually a risky situation as one would not have clues of possible moves. The market is probably in a wait and see mode, waiting for more economic data before concluding if the recent bullish advancement was substantial.

Trade safely and ensure you apply proper money management.

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EUR/USD Forecast 7 August 12

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