July 17, 20200Comments

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

Forex Analysis

July 14, 20200Comments

Analysis of EUR/USD and GBP/USD for July 14. Euro Ignores Weak Statistics from the EU and Germany and Continues Moderate Growth

On July 13, the EUR/USD pair gained about 40 basis points and thus, continues the process of constructing the alleged wave 5 in C in B, in particular its internal wave 3.

by Jeff Wecker

Forex Analysis

July 13, 20200Comments

Analysis of EUR/USD and GBP/USD for July 13. What Could Result in a New Outbreak of Coronavirus in the US? Disappointing Forecasts by Anthony Fauci

On July 10, the EUR/USD pair gained about 15 basis points and thus continues the process of building the expected wave 5 in C in B. The entire wave 5 in C in B can be very long and complex, since at this time the markets are trading very chaotically.

by Jeff Wecker

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