October 9, 20200Comments

USD pairs and trading recommendations for October 9

The market was in favor of the bears yesterday, and this can be seen clearly when short positions set from 1.1759 gave profit to traders by about 30 points. Long positions from 1.1777, on the other hand, only brought losses.

by Jeff Wecker

Forex Analysis

October 8, 20200Comments

Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on October 8

Trump's change of tone over the long-disputed coronavirus relief bill shifted market demand to the European currency. As a result, a buy signal appeared in the euro from the level of 1.1752, which rose long positions in the market and triggered a 15 to 20-pip movement in the EUR / USD pair.

by Jeff Wecker

Forex Analysis

October 7, 20200Comments

Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on October 7

Trump's reluctance to adopt a new aid package led to a sharp drop in risky assets, including the European currency. However, throughout the day, a sufficient number of signals, both buy and sell, appeared on the euro, the first of which, sales, turned into losses.

by Jeff Wecker

Forex Analysis

October 6, 20200Comments

Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on October 6

A rather strong report over the eurozone services sector was published yesterday, followed by a sharp jump in retail sales. Such became a good impetus for growth in the European currency, thus, long positions from 1.1742 brought about 40 pips of profit in the market.

by Jeff Wecker

Forex Analysis

October 5, 20200Comments

Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on October 5

The euro failed to reach any of the indicated support or resistance levels last Friday, so as a result, strong movements were not observed in the EUR / USD pair, even amid the release of important reports on the US economy.

by Jeff Wecker

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