July 2, 20200Comments

USD analysis for July 2. Tensions Between Washington and Beijing Slowly Escalate. Markets Reluctant to Buy USD.

On July 1, the EUR/USD pair advanced by only 15 basis points. Thus, the current wave marking did not indicate any significant changes. However, I still expect the upward wave 5 to enter C or B area.

by Jeff Wecker

Forex Analysis

July 1, 20200Comments

Analysis of EUR/USD and GBP/USD for July 1. New Rising Tension Between Beijing and Washington; Dollar’s New Decline is Becoming More Real

On June 30, the EUR/USD pair lost only a few basis points, and thus, the current wave counting practically did not suffer any changes. The expected wave 4 in C in B has completed its construction, so now it is still expected to build an upward wave 5 in C in B.

by Jeff Wecker

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