Analysis of EUR/USD and GBP/USD for May 1. Both Economies of US and EU are Slowing Simultaneously, but the Euro and Pound are Getting More Expensive, Not the Dollar
On April 30, the EUR/USD pair gained about 75 basis points and, thus, continued building the expected wave 3 in C. If the current wave marking is correct, then the increase in quotes of the instrument will continue with targets located about the 11th figure.
Jeff Wecker