Forex Daily Forecast, Analysis and Prediction

The euro rose against the Japanese yen on Monday, but then fell a bit later, as risk appetite has seemingly found trouble in the US session. That being said, you still get paid a positive swap to hold here.

The euro has been bullish again in the early part of the Monday session, as the markets continue to see a bounce play out. Longer-term, this is a market that is still in a downtrend.

The Australian dollar fell a bit in the early part of the session on Monday, as we continue to see a lot of volatility.

The GBP/USD exchange rate has pulled back substantially in the past few days, moving from this month’s high of 1.3558 to the current 1.3291.

The EUR/USD pair wavered as the US and Iran paused their attacks, with traders also awaiting the upcoming Federal Reserve decision and key macro data from the US and the European Union. The pair traded at 1.1373, a level it has held around for the past few days.

The BTC/USD pair remained under pressure today, July 28, as traders waited for the upcoming Federal Reserve interest rate decision. Bitcoin dropped to $63,178, down modestly from this month’s high of 66,820.

AUD/USD stays rangebound after a gap higher as traders watch Australian CPI, the Fed decision and key levels near 0.7000 and 0.6945.

EUR/USD signal: US Dollar strength and Fed meeting put 1.1398 support at a pivotal level, with bearish bias but intraday bounce and scalp opportunities today.

The US dollar has pulled a bit in the early part of trading on Friday, as we are seeing a bit of profit-taking and lower rates for the day in America.

We are now on the precipice of a huge breakout from previous action, especially once we get closer to 0.82.

The 0.93 level is an area that traders are paying close attention to at this point, as we are seeing the interest rates favoring the upside in general.