Today is our last trading day for the time being. Meanwhile, we look back at the month of July, which was characterized by losses and consolidations. While the EUR/USD traded quite well, we had to record losses with the DAX. But even such months are part of trading, albeit painful.
The U.S. PCE Index at 12:30 UTC could be of importance today in terms of movements in the U.S. dollar.
It sees as if bulls are working on a bullish breakout above 13500. If this happens, we may see a run for 14000. On the downside, the 13000-mark remains of major importance.
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