July 21, 20200Comments

USD on July 21. Euro is Trading in its Usual Way and Ignores the Results of the EU Summit; Dollar is Still Under Pressure from COVID-19 in the US

On July 20, the EUR/USD pair gained about 30 pips. Thus, the instrument remains within the framework of the construction of the assumed wave 3 in 5 in C in B, which takes on a very extended form.

by Jeff Wecker

Forex Analysis

July 20, 20200Comments

Analysis of EUR/USD and GBP/USD for July 20. Negotiations at the EU Summit are Still Failing; Trump’s explanation of the COVID-19 in the US does not Suit the Markets

On July 17, the EUR/USD pair gained about 45 pips. Thus, the instrument presumably remains within the framework of building a 3 in 5 wave in C in B, which takes a very long form.

by Jeff Wecker

Forex Analysis

July 17, 20200Comments

Analysis of EUR/USD and GBP/USD for July 17. ECB Meeting Has Ended; the EU Summit Has Begun. News From the Leader’s Meeting of 27 Countries is Expected

On July 15, the EUR/USD pair lost about 30 pips, but this decline did not particularly affect the current wave counting. Thus, the instrument presumably remains within the framework of a wave 3 in 5 in C in B.

by Jeff Wecker

Forex Analysis

July 16, 20200Comments

Analysis of EUR/USD and GBP/USD for July 16. The ECB Meeting and the EU Summit are the Most Important Events of the End of the Week

On July 15, the EUR/USD pair gained about 10 pip and, therefore, continues to build the proposed wave 5 in C to B, in particular its internal wave 3. A successful attempt to break through the 161.8% Fibonacci level indicates that markets are ready for new purchases European currency.

by Jeff Wecker

Forex Analysis

July 15, 20200Comments

Outlook for EUR/USD and GBP/USD on July 15. US Economy May Shrink Due to Second Wave of Coronavirus

On July 14, the euro/dollar pair gained about 55 basis points. It continues to build the expected wave 5 in C and B. A successful attempt to break the 161.8% Fibonacci level indicates that the markets are ready for new purchases of the single currency.

by Jeff Wecker

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