EURUSD: BUY 1.1655, SL 1.1625, TP 1.1710 | 08 August 2025

08 August 2025, EUR/USD

EURUSD: BUY 1.1655, SL 1.1625, TP 1.1710

Event to watch today:

07.08 15:30 EET. USD - Unemployment Claims

EURUSD:

The euro is gaining ground as another wave of dollar selling follows disappointing U-S labour data: July non-farm payrolls rose barely a third of the consensus forecast, while weekly jobless claims climbed higher. CME Fed-funds futures now price in a 94 % probability of a rate cut at the 17 September FOMC, driving the 10-year Treasury yield below 4 % and weighing on the greenback.

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Political risk adds further pressure on the dollar: the White House is reportedly preparing to replace the current Fed Chair with a “more compliant” candidate—an ominous signal for central-bank independence. At the same time, talk of an upcoming Trump–Putin meeting supports the euro by hinting at a relaxation of sanctions and improved prospects for European energy exports.

Within the euro area, the latest European Commission flash estimate showed GDP expanding by 0.3 % q/q in Q2, while annual inflation slowed to 2.7 %. The data ease recession fears yet still leave room for a cautious ECB easing path, attracting steady capital inflows into the single currency.

Trade recommendation: BUY 1.1655, SL 1.1625, TP 1.1710

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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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