April 22, 20200Comments

USD for April 22. Euro Continues to Adjust to the 11th Figure, Pound Targets 1.2170

On April 21, the EUR/USD pair did not lose or gain a single point, continuing to trade around the 23.6% Fibonacci level. Thus, the wave marking of the euro/dollar pair has not changed at all over the past day and still involves the construction of an upward wave 3 in C with minimal targets located around the 11th figure.

by Jeff Wecker

Forex Analysis

April 22, 20200Comments

Analysis of EUR/USD and GBP/USD on April 21. GBP Drops Following the Wave Pattern. EUR to Resume Growth Soon

On April 20, the EUR/USD pair lost just about 10 basis points, and later on Tuesday it eased by additional 30 points. Thus, we can see another attempt of the price to break through the 23.6% Fibonacci level. The previous two attempts were not successful.

by Jeff Wecker

Forex Analysis

April 20, 20200Comments

Analysis of EUR/USD and GBP/USD for April 20. Spread of COVID-2019 is Slowing in the US and Europe. Countries are Preparing to Lift the Quarantine

On April 17, the EUR/USD pair gained about 35 basis points and made an unsuccessful attempt to break through the 23.6% Fibonacci level. Thus, increasing the quotes of this instrument may be resumed in the near future within the framework of the proposed third wave in the composition C.

by Jeff Wecker

Forex Analysis

April 17, 20200Comments

Analysis of EUR/USD and GBP/USD for April 17. Coronavirus Does Not Recede, Economy Continues to Decline, and Unemployment is Rising

On April 16, the EUR/USD pair has lost about 70 basis points and thus, significantly complicates the internal wave structure of the expected wave 3 in C. If the current wave marking is correct, then the growth in quotes of the instrument will resume with targets above the 11th figure in the third wave.

by Jeff Wecker

Forex Analysis

April 16, 20200Comments

Analysis of EUR/USD and GBP/USD for April 16. US Report on Applications for Unemployment Benefits May Show Another 5.5 Million

On April 15, the EUR/USD pair lost about 70 basis points and thus considerably complicates the internal wave structure assumed by wave 3 in C. If the current wave marking is correct, then the increase in quotes of the instrument will resume with targets above the 11th figure.

by Jeff Wecker

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