The decline in US government bond yields managed to make EURUSD experience daily gains, after previously touching a low of 1.1753, the EURUSD continued to show optimism and move since the beginning of the week. At the time of today's EURUSD daily analysis article written by the GIC team, the EURUSD managed to break through 1.1870 and was at the level of 1.874. The greenback's position against six major currencies remained lagging amid a decline in US government bond yields (Treasury). The Fed's policy in the latest meeting maintained the target range for interest rates at 0-0.25%, which means there is no change, as well as fixed asset purchases in the current deal of 120 billion US dollars. In addition, the dovish statement from the Fed chairman regarding the growth and inflation outlook has a significant impact on the US dollar. On the other hand, the euro currency is driven by upbeat economic data. Eurozone producer prices rose 1.4% in June, in line with market expectations. The Eurozone Manufacturing Purchasing Managers' Index (PMI) was at 62.8 in July, slightly above market expectations of 62.2. Important data on the economic calendar that traders should watch out for are Euro Retail Sales data and changes in the US ADP employment numbers that could have an impact on EURUSD. That's the daily analysis of EURUSD 4 August 2021, Keep using money management and risk management in trading. If you need information and analysis about forex? You can read it in the GIC Journal. In the GIC Journal, you can read articles and analyses such as Capital expenditur. You can also read the latest information from GIC in the GIC Press Release. Don't miss out on events from GIC such as NFP Live Trading.