July 2, 20200Comments

USD analysis for July 2. Tensions Between Washington and Beijing Slowly Escalate. Markets Reluctant to Buy USD.

On July 1, the EUR/USD pair advanced by only 15 basis points. Thus, the current wave marking did not indicate any significant changes. However, I still expect the upward wave 5 to enter C or B area.

by Jeff Wecker

Forex Analysis

July 1, 20200Comments

Analysis of EUR/USD and GBP/USD for July 1. New Rising Tension Between Beijing and Washington; Dollar’s New Decline is Becoming More Real

On June 30, the EUR/USD pair lost only a few basis points, and thus, the current wave counting practically did not suffer any changes. The expected wave 4 in C in B has completed its construction, so now it is still expected to build an upward wave 5 in C in B.

by Jeff Wecker

Forex Analysis

June 29, 20200Comments

Analysis of EUR/USD and GBP/USD for June 29. US Begins to Tighten Quarantine Again due to a new Coronavirus Outbreak

On June 26, the EUR/USD pair has not won and has not lost a single basis point, and thus, the current wave markup has not changed at all and still assumes the construction of wave 5 in C in B.

by Jeff Wecker

Forex Analysis

June 26, 20200Comments

Analysis of EUR/USD and GBP/USD for June 26. ECB’s head, Christine Lagarde, Fears Second Wave of COVID-19 and Expects GDP to Fall -13% in the Second Quarter

On June 25, the EUR/USD pair has lost around 40 basis points, but has not violated the current wave counting, which involves the construction of an upward wave of 5 in C in B.

by Jeff Wecker

Forex Analysis

June 25, 20200Comments

Analysis of EUR/USD and GBP/USD for June 25. COVID-19 Possible Second Outbreak, but There will be no Re-Lockdown in Either the US or Europe

On June 24, the EUR/USD pair lost about 55 basis points and thus started building a new downward wave. However, this wave can belong to the wave 4 in C in B or be the second, corrective in the composition of the wave 5 in C in B.

by Jeff Wecker

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