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The pair is updating price lows.
We observed that during yesterday's trading session the pair updated its annual lows and found a new level of resistance near the mark of 1.2860, leading it to a correction.
The dollar index continues to demonstrate the strength of the reserve currency and is near the maximum annual values.
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The lira is collapsing and Turkey might be in serious trouble soon.
Even though our usual topics – trade wars, Brexit, oil volatility – continue to dominate the financial markets news feeds, this week we want to turn your attention to a slightly overlooked development: Turkey.
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The euro is weakening amid the Turkish crisis, so we should sell the pair today.
Today we would take a look at the EUR/USD currency pair. As of the middle of last week the pair began a more pronounced decline and is now down to levels previously reached in April 2017.
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Let's start with the EUR/USD pair. Here we see that the pair has updated the annual lows reaching the mark of 1.1365 and is in the corridor between the resistance levels. We expect that the price will stay in this corridor. Technical indicators diverge for now. We advise you to wait for the signal to enter the market.

We advise you to wait for the signal

Pound/Dollar. We see the continuation of the downward movement and the renewal of the lows. If the pair manages to gain a foothold below the level of 1.28, the next target will be the level of 1.2650. The MACD and the RSI also point to a sell.

The next target will be the level of 1.2650

AUD/USD. This pair is also pointing down. The next psychological mark will be the level of 0.72, from which a price correction is possible.

Psychological mark will be the level of 0.72

USD/CAD. The price approached the Moving Average 21. The current level is 1.3085. In case of its overcoming, we expect the move to the level of 1.3030. However, we can get a turn from the Moving Average and the pair might go up, as technical indicators indicate a purchase.

We expect the move to the level of 1.3030

Other news you can find on our website: https://superforex.com/analytics/?x=FORUMS

The EUR is under pressure due to the situation with the Turkish lira. The deals to BUY seem the most effective in the near future.
The rates continue within the upward trend. However, its intensity has been lost. Now we can see signs of a weak downtrend formation. Actually, the SGD gradually began to strengthen half a year ago and during this time increased in price by 5%.
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The pair is finding new levels.
After yesterday's trading session, the dollar rally slowed down and the dollar index moved away from the recently reached peaks.
Released today in the UK, the basic index and the volume of retail sales showed better-than-expected results.
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What the country is doing to prevent a crisis might not be enough.
Last week we introduced to the currently developing financial issues in Turkey. More specifically, their national currency, the Turkish lira, has been crashing hard against the dollar, losing more than 40% of its value in 2018
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The pair will begin a decline again, so we can sell it now.
Today we would return to the EUR/USD currency pair. It continues to be quite volatile, though it has recovered slightly compared to last Monday.
In all seriousness, things are not looking too great for the euro right now.
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The CAD is still the currency with the most potential against the AUD. The price correction is over, so the deals on the trend will be the most effective.
The rates have stabilized in August and now we can see a steady downward trend in favor of the Canadian dollar.
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The pair is forming an inverted head and shoulders pattern.
The strength of the dollar has weakened and the dollar index began to depart from the highs achieved last week, dropping to the mark of 95.00.
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