October 21, 20200Comments

USD pairs on October 21

Euro bulls were encouraged by the speech of ECB head Christine Lagarde yesterday, thereby maintaining the bullish momentum in the market. Long positions from the level of 1.1801 got about 35 pips of profit, while those who are keen to reach the target level of 1.1850 could gain 50 pips of profit today during the Asian trading session.

by Jeff Wecker

Forex Analysis

October 20, 20200Comments

Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on October 20

The euro moved 40 pips up from the level of 1.1731 yesterday, bringing quite large profit to bullish traders in the market.

by Jeff Wecker

Forex Analysis

October 19, 20200Comments

Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on October 19

The release of good US retail sales report decreased the demand for the European currency, so as a result, the quote stopped moving after rising by only 15 pips from the level of 1.1719.

by Jeff Wecker

Forex Analysis

October 16, 20200Comments

Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on October 16

News that Germany is on the road to introducing another strict social distancing measures has led to a new wave of decline in the European currency. It supported the euro to move 40 pips down from the level of 1.1739, reaching the target level, which is 1.1700

by Jeff Wecker

Forex Analysis

October 15, 20200Comments

Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on October 15

The euro traded in a narrow sideways channel yesterday, so as a result, both long and short positions did not give the expected profit in the EUR / USD pair.

by Jeff Wecker

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