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  • Dealing with the fear of missing out – or FOMO – is a highly valuable skill for traders. Not only can FOMO have a negative emotional impact, it can cloud judgment and overshadow logic. Learn how you can control FOMO in your trading here: https://t.co/lgDf5cVYOn https://t.co/zRBB1hmhJm
  • USD/CAD has bounced off a key support area on Friday and could potentially charge higher in the coming week as risk-aversion over coronavirus fears has started to dominate market moves. Get your weekly CAD technical forecast from @DColmanFX here: https://t.co/bySyBXTAdr https://t.co/y6UqD0quGN
  • The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here: https://t.co/ADSC4sIHrP https://t.co/sPcCTQfaRd
  • The US Dollar slipped last week after the Federal Reserve calmed taper timeline talks. Friday’s non-farm payrolls figure may rekindle upside USD bets if it impressive. Get your weekly USD forecast from @FxWestwater here: https://t.co/4KDanAA0Q1 https://t.co/ZZWpIZlZBo
  • Key levels in forex tend to draw attention to traders in the market. These are psychological prices which tie into the human psyche and way of thinking. Learn about psychological levels here: https://t.co/8A1QhwMVKo https://t.co/J0F9xIw2I0
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  • Becoming a forex trader means living and breathing the excitement, risk and reward of trading in the biggest and most liquid market in the world. Do you have what it takes? Read here to discover the qualities and processes it takes to build consistency: https://t.co/EfWEACQ6Cz https://t.co/wRwHXFbbBW
  • Becoming a forex trader means living and breathing the excitement, risk and reward of trading in the biggest and most liquid market in the world. Do you have what it takes? Read here to discover the qualities and processes it takes to build consistency: https://t.co/EfWEACQ6Cz https://t.co/ZWwGB8J6I7
  • Ethereum is starting to outperform Bitcoin again ahead of ETH’s latest upgrade, while Binance continues to pare back business areas amid ongoing regulatory pressure. Get your crypto forecast from @nickcawley1 here: https://t.co/ul4TIfI9bv https://t.co/Ht5Mr0uu91
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here: https://t.co/t9Flsqcxo9 https://t.co/m06h4hjwVP
EUR/GBP
Bearish
Low
High
of clients are net long. of clients are net short.
Note: Low and High figures are for the trading day.

Euro - Pound Chart

EUR/GBP is the forex ticker that tells traders how many British Pounds are needed to buy a Euro. It is one of the most traded currency pairs worldwide because it marries two significant European economies: the European Union (EU) and the United Kingdom (UK). Use the EUR/GBP chart to follow the live Euro-Sterling rate and read the latest news and analysis to inform your fundamental and technical analysis. Our EUR/GBP forecast provides additional insights to help you plan your trades.
70% of retail CFD accounts lose money Trading forex carries a high level of risk

Support & Resistance

S1 8520
S2 8463
S3 8332
R1 8670
R2 8720
R3 8785
Strong
Moderate
Weak
Up
Neutral
Down

Pivot Points

P 0.8534
S3 0.851
S2 0.8522
S1 0.8529
R1 0.8541
R2 0.8547
R3 0.8559
Daily Classical Pivot Points. Last Updated: Jul 30, 2021
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Real Time News

DailyFX Jul 31, 2021
Dealing with the fear of missing out – or FOMO – is a highly valuable skill for traders. Not only can FOMO have a negative emotional impact, it can cloud judgment and overshadow logic. Learn how you can control FOMO in your trading here: https://t.co/lgDf5cVYOn https://t.co/zRBB1hmhJm
2021-07-31 16:52:01
DailyFX Jul 31, 2021
USD/CAD has bounced off a key support area on Friday and could potentially charge higher in the coming week as risk-aversion over coronavirus fears has started to dominate market moves. Get your weekly CAD technical forecast from @DColmanFX here: https://t.co/bySyBXTAdr https://t.co/y6UqD0quGN
2021-07-31 16:15:02
DailyFX Jul 31, 2021
The Federal Reserve System (the Fed) was founded in 1913 by the United States Congress. The Fed’s actions and policies have a major impact on currency value, affecting many trades involving the US Dollar. Learn more about the Fed here: https://t.co/ADSC4sIHrP https://t.co/sPcCTQfaRd
2021-07-31 14:38:01
Jul 31, 2021
70% of retail CFD accounts lose money Trading forex carries a high level of risk

IG Client Sentiment

EUR/GBP Bearish
Net Long
Net Short
Sentiment chart

Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/GBP-bearish contrarian trading bias.

Daily change in
Longs -8%
Shorts -9%
OI -8%
Weekly change in
Longs 40%
Shorts -22%
OI 21%

Economic Calendar

06:00:00
M
Retail Sales YoY (JUN)
A:
F:
P: R: -2.4%
06:00:00
L
Retail Sales MoM (JUN)
A:
F: 2%
P: R: 4.2%
07:00:00
L
Unemployment Rate (JUL)
A:
F:
P: R: 7.0%
07:00:00
L
NEVI Manufacturing PMI (JUL)
A:
F:
P: R: 68.8
07:15:00
M
Markit Manufacturing PMI (JUL)
A:
F: 59.5
P: R: 60.4
07:45:00
M
IHS Markit Manufacturing PMI (JUL)
A:
F: 61.5
P: R: 62.2
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