June 5, 20200Comments

USD for June 5, 2020

On June 4, the EUR / USD pair gained about 105 bps and thus continued construction supposed wave 3 into 3 to C to B. If this is true, then today's exit of the quotes from the reached highs may mean the completion of this wave and the transition to the construction of correctional wave 4.

by Jeff Wecker

Forex Analysis

June 4, 20200Comments

Analysis of EUR/USD and GBP/USD for June 4. Donald Trump is Losing Ground Internationally and Domestically

On June 3, the EUR/USD pair gained another 65 basis points and completed the Fibonacci 127.2% level. An unsuccessful attempt to break through this level has led quotes to move away from the highs reached.

by Jeff Wecker

Forex Analysis

June 3, 20200Comments

Analysis of EUR/USD and GBP/USD for June 3. Americans Protest Against the US Government and the Police; Eurocurrencies Continue to Grow Amid Falling Dollar

On June 2, the EUR/USD pair gained about 30 more basis points and continues to build the expected wave 3 in 3 in C in B of the upward trend section. If the current wave markup is correct, then the increase in quotes will continue with targets located near the 127.2% and 161.8% Fibonacci levels.

by Jeff Wecker

Forex Analysis

June 2, 20200Comments

Analysis of EUR/USD and GBP/USD for June 2. Donald Trump’s “House of Cards” is Collapsing

On June 1, the EUR/USD pair gained about 30 more basis points and, although this is not much, continues to build the estimated wave 3 in 3 in C to B of the upward trend section.

by Jeff Wecker

Forex Analysis

June 1, 20200Comments

Analysis of EUR/USD and GBP/USD for June 1. US Dollar Continues to Lose Demand Due to Sad News in America

On May 29, the EUR/USD pair gained about 20 more basis points and, thus, continues to build the estimated wave 3 in 3 in C in B of the upward trend section. If this is true, then the increase in quotes will continue with targets located near the levels of 127.2% and 161.8% Fibonacci.

by Jeff Wecker

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