Forex Analysis
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Analysis of EUR/USD and GBP/USD on March 3. The Euro Began to Decline Without Waiting for Inflation to exit. Markets are Waiting for the Results of the G7 Meeting

On March 2, the EUR / USD pair added another 110 basis points and, therefore, continued to build the rising wave 1 as part of a new trend section. The unsuccessful attempt to break through the 127.2% Fibonacci level suggests the readiness of the euro / dollar instrument to build a bearish correctional wave 2.
by Jeff Wecker
Forex Analysis
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Analysis of EUR/USD and GBP/USD for February 27. US Reports are Unlikely to be Strong; Both Euro and Pound May Rise Today

On February 26, the EUR / USD pair did not gain and did not lose a single basis point, but it has rushed up again today and added about 30 points. Thus, the proposed wave 4 continues its construction with targets located near the 50.0% and 61.8% Fibonacci levels. There are still questions as to whether the instrument is at the stage of building wave 4 or the new upward trend section.
by Jeff Wecker