November 7, 20230Comments

Forex Analysis – Forecast for EUR/USD on November 7, 2023

On Monday, the euro failed to continue Friday's rally. An attempt to push the price above the Fibonacci ray had failed, meaning it couldn't close the daily

by Jeff Wecker

Forex Analysis

November 6, 20230Comments

Forex Analysis – Forecast for EUR/USD on November 6, 2023

As expected, the euro surged by 111 pips on weak U.S. employment data and reached an important target - the Fibonacci retracement level on the daily chart.

by Jeff Wecker

Forex Analysis

November 3, 20230Comments

Forex Analysis – Forecast for EUR/USD on November 3, 2023

The EUR/USD pair had a positive day on Thursday, even though it did not test the nearest resistance level around 1.0680.

by Jeff Wecker

Forex Analysis

November 2, 20230Comments

Forex Analysis – Forecast for EUR/USD on November 2, 2023

So, yesterday's Federal Reserve meeting, including Fed Chair Jerome Powell's press conference, turned out to be entirely neutral. However, neutrality confirms

by Jeff Wecker

Forex Analysis

November 1, 20230Comments

Forex Analysis – Forecast for EUR/USD on November 1, 2023

The euro was 12 pips short of reaching a strong resistance level at 1.0687. As a result, the single currency fell by 40 pips, and the price returned below the

by Jeff Wecker

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