October 16, 20200Comments

USD pairs on October 16

News that Germany is on the road to introducing another strict social distancing measures has led to a new wave of decline in the European currency. It supported the euro to move 40 pips down from the level of 1.1739, reaching the target level, which is 1.1700

by Jeff Wecker

Forex Analysis

October 15, 20200Comments

Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on October 15

The euro traded in a narrow sideways channel yesterday, so as a result, both long and short positions did not give the expected profit in the EUR / USD pair.

by Jeff Wecker

Forex Analysis

October 14, 20200Comments

Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on October 14

The euro dropped due to the very weak report on EU business confidence, so as a result, the EUR / USD pair went down 50 pips from the level of 1.1785. The rising inflation in the United States also added pressure on the currency pair.

by Jeff Wecker

Forex Analysis

October 13, 20200Comments

Analysis of the EUR/USD and GBP/USD currency pairs and trading recommendations for October 13

Short positions did not bring the expected profit yesterday, mainly because market volatility was rather low due the holiday in the US. Today though, pressure on the euro is gradually returning, thus, it is just right to expect a decline and new wave of sales in the EUR / USD pair.

by Jeff Wecker

Forex Analysis

October 12, 20200Comments

Analysis of the EUR/USD and GBP/USD currency pairs and trading recommendations for October 12

Rumors that the United States may soon adopt a new aid package led to a sharp rise in risky assets, particularly in the European currency. As a result, long positions from 1.1785 to 1.1825 gave about 40 pips of profit to traders.

by Jeff Wecker

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