December 26, 20190Comments

USD for December 25. Holidays made markets freeze

The EUR/USD pair ended with the loss of several base points on December 24. The current wave marking remains the same, because for the remaining time after the release of a review made on Tuesday with low market activity, no changes just happened.

by Jeff Wecker

Forex Analysis

December 23, 20190Comments

Analysis of EUR / USD and GBP / USD for December 23

On December 20, the EUR / USD pair completed with a decrease of 45 basis points, thus, it continued to build a bearish wave presumably at 1 or a, as part of a new downtrend.

by Jeff Wecker

Forex Analysis

December 20, 20190Comments

Analysis of EUR/USD and GBP/USD for December 20. Bank of England helps the pound continue to fall

On December 19, the EUR / USD pair completed with an increase of several base points, which does not affect the current wave marking in any way again, which still involves the completion of the ascending 3-wave trend section near the Fibonacci level of 100.0%.

by Jeff Wecker

Forex Analysis

December 19, 20190Comments

Analysis of EUR/USD and GBP/USD for December 19. Pound will resume its decline if three or more Bank of England board members support rate cut

On December 17, the EUR/USD pair completed lowering by 40 basis points, which is fully consistent with the current wave marking at the moment, and just involves the construction of a new bearish set of waves. Thus, I still believe that the pair is completely ready for a new decline, however, the level of 61.8% Fibonacci raises some doubts.

by Jeff Wecker

Forex Analysis

December 18, 20190Comments

Analysis of EUR / USD and GBP / USD for December 18. Inflation in Britain, inflation in the European Union

On December 17, the EUR / USD pair ended with an increase of 5 basis points. Such increase in the instrument, however, did not have any effect on the current wave marking, which still involves the completion of the construction of the expected wave 3 or C, and the transition to the construction of a new downward trend.

by Jeff Wecker

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