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Trading Recommendations and Analysis of the EUR/USD Pair for August 4. Correction Monday
Analysis of EUR/USD 5M
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04.08.2026 04:42 AM
Analysis of EUR/USD 5M The EUR/USD currency pair slightly corrected on Monday after its second unsuccessful attempt to break through the 1.1536-1.1542 range. Last week, the European currency showed explosive growth long anticipated. Recall that for over a month, the pair had been stuck within a sideways channel, while the U.S. dollar had been rising for a total of 2.5 months, often without justification. The spring was tightening, and we repeatedly noted that, technically, fundamentally, and geopolitically,
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