November 23, 20200Comments

USD pairs on November 23

Low market volatility plus the absence of economic data left the euro with practically no trading signals for today. However, the bullish momentum that was recorded last week remains, thus, the currency still has every chance for further growth.

by Jeff Wecker

Forex Analysis

November 20, 20200Comments

EUR/USD and GBP/USD: The euro and the pound needs clarity over post-Brexit trade deal. Inflationary pressures in the UK could force the Bank of England to change its mind about negative rates.

The direction of the euro and the pound now lies in the trade agreement between the UK and the EU, negotiations on which are again deadlocked. The absence of news clearly indicates the lack of progress, which in turn suggests that the Brexit transition will end without a trade deal.

by Jeff Wecker

Forex Analysis

November 19, 20200Comments

Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on November 19

The euro remained trading in a sideways channel, even though buyers made another attempt to build a new upward direction. Before the release of inflation data in the eurozone, euro bulls set up long positions at 1.1870, however, as in the previous day, this did not lead to a large upward movement.

by Jeff Wecker

Forex Analysis

November 18, 20200Comments

Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on November 18

Yesterday, the European currency disappointed with its wrong sell signal at 1.1847, which led to a loss, but was thankfully compensated by the buy signal at 1.1870.

by Jeff Wecker

Forex Analysis

November 17, 20200Comments

Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on November 17

The euro failed to grow actively yesterday, mainly due to the absence of economic data, except for Italy's CPI, which did not show anything new. The statements from the European Central Bank were also not noteworthy, so long positions in the EUR / USD pair saw only losses.

by Jeff Wecker

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