May 15, 20200Comments

USD for May 15. Andrew Bailey: “The Bank of England is Not Going to Lower Rates, But this Option Should Not be Completely Ruled Out”

On May 14, the EUR/USD pair lost about 20 basis points, but could not reach the minimum of the expected wave 2 in C to B, stopping at a distance of several points from it.

by Jeff Wecker

Forex Analysis

May 14, 20200Comments

Analysis on EUR / USD and GBP / USD for May 14, 2020

On May 13, the EUR / USD pair lost about 40 basis points. Thus, the construction of the alleged wave 3 in C in B continues to drag out. The current wave marking is so far unambiguous and involves the construction of a rising wave.

by Jeff Wecker

Forex Analysis

May 13, 20200Comments

Analysis on EUR / USD and GBP / USD for May 13, 2020

On May 12, the EUR / USD pair gained about 40 base points, but this was enough for the instrument to begin to move quotes from previously reached lows.

by Jeff Wecker

Forex Analysis

May 12, 20200Comments

Analysis of EUR/USD and GBP/USD for May 12. Split in the eurozone – US Inflation Report is Expected

On May 11, the EUR/USD pair lost a total of 25 basis points, but this was enough to cast doubt on the construction of the expected wave 3 in C in B. The fact is that the wave pattern continues to become more complex, and if the low of wave 2 is updated, adjustments and additions may be required.

by Jeff Wecker

Forex Analysis

May 11, 20200Comments

Analysis of EUR/USD and GBP/USD for May 11. US Economy Will Reach its Bottom in June if There is No Second Qave of Coronavirus Due to the Lifting of the Quarantine

On May 8, the EUR/USD pair gained several basis points, and the wave pattern remained virtually unchanged. Thus, It is still believed that the alleged wave 2 in B in C has completed its construction.

by Jeff Wecker

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