November 9, 20230Comments

Forex Analysis – Forecast for EUR/USD on November 9, 2023

Yesterday, the euro tried to overcome the support of the MACD indicator line on the daily chart. Just like its first attempt on Tuesday, it failed once again.

by Jeff Wecker

Forex Analysis

November 8, 20230Comments

Forex Analysis – Forecast for EUR/USD on November 8, 2023

On Tuesday, the euro continued to face pressure from Monday, even slightly more so due to the decline in commodity prices (crude oil down 2.1%) and as U.S.

by Jeff Wecker

Forex Analysis

November 7, 20230Comments

Forex Analysis – Forecast for EUR/USD on November 7, 2023

On Monday, the euro failed to continue Friday's rally. An attempt to push the price above the Fibonacci ray had failed, meaning it couldn't close the daily

by Jeff Wecker

Forex Analysis

November 6, 20230Comments

Forex Analysis – Forecast for EUR/USD on November 6, 2023

As expected, the euro surged by 111 pips on weak U.S. employment data and reached an important target - the Fibonacci retracement level on the daily chart.

by Jeff Wecker

Forex Analysis

November 3, 20230Comments

Forex Analysis – Forecast for EUR/USD on November 3, 2023

The EUR/USD pair had a positive day on Thursday, even though it did not test the nearest resistance level around 1.0680.

by Jeff Wecker

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