February 4, 20210Comments

USD on February 4.

Analysis of trades Data on the eurozone services sector was well below the forecast. This resulted in good entry points for bears at the level of 1.2026. Earlier, I recommended traders to sell the euro after it broke the mentioned level. On the chart, we can see that at that moment, the MACD indicator was at the beginning of the negative level.

by Jeff Wecker

Forex Analysis

February 3, 20210Comments

Forex Analysis & Reviews: Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on February 3

Two signals appeared in EUR / USD yesterday. The first one is to sell at 1.2072, however, it had to be ignored because during that time, the MACD line was in the oversold zone.

by Jeff Wecker

Forex Analysis

February 2, 20210Comments

Forex Analysis & Reviews: Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on February 2

Two signals appeared in EUR / USD yesterday. The first one is to sell at 1.2123, however, even if at that time the MACD line was in the negative zone, the euro did not fall sharply in the market. Fortunately, after the release of weak retail sales in Germany, the quote tested 1.2123 again, and it led to a 30-pip drop towards 1.2089.

by Jeff Wecker

Forex Analysis

February 1, 20210Comments

Forex Analysis & Reviews: Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on February 1

Good data on the German economy supported the euro. However, the buy signals that appeared in the market had to be ignored since the MACD line, during those times, were in the overbought zone.

by Jeff Wecker

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