Fundamental Market Analysis for August 3, 2026 EURUSD
Event to watch today:
17:00 EET. USD — ISM Manufacturing Index
EURUSD:
The euro remains supported after the ECB decided to keep its key interest rates unchanged in July. Maintaining the existing policy settings gave the market no reason to expect immediate monetary easing, allowing the single currency to retain some demand. However, the Federal Reserve’s rate remains higher, and the European backdrop alone is not strong enough to generate sustained gains.
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Trading idea: BUY 1.1530, SL 1.1495, TP 1.1605
