FX.co ★ EUR/USD market manipulations analysis for August 1, 2011

Dollar definitely lost demand among investors after the release of US reports on Friday. At the moment the euro is correcting above the Friday resistance levels. Such stagnation is likely to continue today before the release of any relevant news. Upside dynamics is expected from 1.4360 to 1.4470.

Trading recommendations:

- short-term buy position from 1.4365