January 3, 20200Comments

USD for January 3, 2020

On January 2, the EUR/USD pair lost about 50 basis points, and another 45 on Friday, January 3. This will consequently move the trading instrument to the construction of the expected downward wave y. If that happens, the quotes will continue to decline to the goals located below the minimum of the wave w which is below the 61.8% Fibonacci.

by Jeff Wecker

Forex Analysis

January 2, 20200Comments

Analysis of EUR/USD and GBP/USD for January 2. Business activity in the eurozone continues to disappoint

On December 31, the EUR/USD pair increased by another 30 basis points, thus ending 2019 on a major note. However, the year 2020 begins with a decline, and the decline is highly anticipated. The current wave layout has been slightly transformed due to the last day of 2019, but it still assumes the construction of a downward wave.

by Jeff Wecker

Newer Articles »