EURUSD: SELL 1.1575, SL 1.1595, TP 1.1475 | 07 August 2025

07 August 2025, EUR/USD

EURUSD: SELL 1.1575, SL 1.1595, TP 1.1475

Event to Watch Today:

06 Aug 17:30 EET – USD – US DOE Crude Oil Inventories

06 Aug 19:45 EET – USD – FOMC Member Mary Daly speaks

EURUSD:

The euro remains under pressure after a run of weak euro-area data: July’s final composite PMI slipped to 49.8, putting overall business activity back in contraction for the first time in four months. Core inflation also eased to 2.5 percent y/y, reinforcing expectations that the ECB will lean toward further policy easing this autumn.

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Conversely, the dollar is supported by the wide interest-rate differential: at its July meeting the Federal Reserve held the target range at 5.25–5.50 percent, and traders have pared back bets on a December cut following Friday’s unexpectedly strong wage growth in the NFP report.

Dollar strength is also underpinned by trade dynamics: the US trade deficit narrowed to USD 62.2 billion, while the eurozone swung back to surplus; however, slower export growth amid tepid global demand limits support for the single currency.

Trading Recommendation: SELL 1.1575, SL 1.1595, TP 1.1475

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The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
David Johnson
Analyst of «FreshForex» company
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