June 12, 20200Comments

USD for June 12. Fed Accidentally Interfered with Donald Trump; US President Criticizes Fed Again

On June 11, the EUR/USD pair lost about 80 basis points after an unsuccessful attempt to break through the 161.8% Fibonacci level. Thus, the proposed wave 5 in 3 in C in B of the upward trend section is completed and wave 4 in C in B begins to form.

by Jeff Wecker

Forex Analysis

June 11, 20200Comments

Analysis for EUR/USD and GBP/USD on June 11. Fed Expecting Economic Recovery. Forecasts for 2020 Remain Weak.

On June 10, the euro/dollar pair gained about 30 basis points. At the end of the day, it hit the 161.8% Fibonacci level. However, the price failed to break the mentioned level and pulled back from the reached highs.

by Jeff Wecker

Forex Analysis

June 10, 20200Comments

Analysis of EUR/USD and GBP/USD for June 10. No Second Wave of Coronavirus in the US Since it Still Cannot Cope Even With the First

On June 9, the EUR/USD pair gained about 50 basis points and thus resumed the construction of the upward trend section. This morning, about 30 more points were scored.

by Jeff Wecker

Forex Analysis

June 9, 20200Comments

Analysis on EUR / USD and GBP / USD for June 9, 2020

On June 8, the EUR / USD pair lost only a few basis points. Thus, the current wave marking has not undergone any changes. Presumably, construction supposed wave 3 is completed in 3 to C to B.

by Jeff Wecker

Forex Analysis

June 8, 20200Comments

Analysis of EUR/USD and GBP/USD for June 8. Washington Slams China of Disrupting Vaccine Research. UK – EU Talks Again Ends in Stalemate

On June 5, EUR/USD lost nearly 45 pips, thus having hypothetically completed the formation of expected wave 3. If it is true, the currency pair has already begun building the 4th correctional wave.

by Jeff Wecker

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