US Dollar to Pay Price for Fed Mistakes. Forecast as of 05.08.2024

The US labor market report for July indicated a slowdown in employment across all indicators. This increased the likelihood of an impending recession and raised the probability of the Federal Reserve adopting a monetary expansion policy. Let's discuss this topic and make a trading plan for the EURUSD pair.Highlights and key points A cooling job market means the Fed may cut rates sharply. The markets fear an impending recession. The US dollar was hurt the most. The EURUSD risks rising to 1.1015 a