EURUSD Daily Chart:
I am looking for long setups. I'm watching closely to see how price acts following Friday's surprise hawkish tone from Warsh.
Bullish due to lower inflation and weakening labor data in the U.S. We can't forget Friday's negative NFP yearly revisions.
The Fed wants to cut, but the macro data says otherwise.
I'm also seeing the short end of the curve (US 02Y) which tracks Fed policy, trading lower today, which tells me the market doesn't think the Fed will hike too much. CME Fedwatch also projects this.
I'd like to see the 38.2 fib level hold and for price to hold above the 200 Day SMA.
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— Alan
18
1August 31, 2026 1.1K 1
