May 20, 20200Comments

USD Analysis for May 20. US and EU Consider Additional Financial Stimulus to Support their Economies

On May 19, the EUR/USD pair gained only 10 basis points and continued to build the estimated wave 3 in C to B. If the current wave indication is correct, then the quotes will continue to rise to the targets at the mark of 11 and 12.

by Jeff Wecker

Forex Analysis

May 19, 20200Comments

Analysis of EUR/USD and GBP/USD on May 19. First Successful Attempts of a COVID-19 Vaccine Give Hope for Economic Recovery in 2020

On May 18, the EUR/USD pair gained almost 100 basis points and thus completed the construction of the supposed wave 2 to C in B. There is already a doubt that the markets are currently able to begin building a new rising wave.

by Jeff Wecker

Forex Analysis

May 18, 20200Comments

Analysis of EUR/USD and GBP/USD for May 18. US Dollar Continues to be in Great Demand

On May 15, the EUR/USD pair gained about 15 basis points, however, such a small price change did not affect the current wave marking. Thus, the instrument is still close to completing the construction of the assumed wave 2 in C in B.

by Jeff Wecker

Forex Analysis

May 15, 20200Comments

Analysis of EUR/USD and GBP/USD for May 15. Andrew Bailey: “The Bank of England is Not Going to Lower Rates, But this Option Should Not be Completely Ruled Out”

On May 14, the EUR/USD pair lost about 20 basis points, but could not reach the minimum of the expected wave 2 in C to B, stopping at a distance of several points from it.

by Jeff Wecker

Forex Analysis

May 14, 20200Comments

Analysis on EUR / USD and GBP / USD for May 14, 2020

On May 13, the EUR / USD pair lost about 40 basis points. Thus, the construction of the alleged wave 3 in C in B continues to drag out. The current wave marking is so far unambiguous and involves the construction of a rising wave.

by Jeff Wecker

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