August 16, 20230Comments

Forex Analysis – Forecast for EUR/USD on August 16, 2023

Yesterday's performance was structurally similar to August 10th – a high upper shadow stopped by resistance. This time, the MACD line provided resistance.

by Jeff Wecker

Forex Analysis

August 15, 20230Comments

Forex Analysis – Forecast for EUR/USD on August 15, 2023

On Monday, the euro did a lot of work to overcome the support levels of the MACD line on the daily chart and the target level of 1.0924.

by Jeff Wecker

Forex Analysis

August 14, 20230Comments

Forex Analysis – Forecast for EUR/USD on August 14, 2023

On Friday, the euro fell by 35 pips. The balance indicator line (red moving average) acted as resistance on the daily chart, and this morning,

by Jeff Wecker

Forex Analysis

August 11, 20230Comments

Forex Analysis – Forecast for EUR/USD on August 11, 2023

The US inflation data came out mixed; core CPI in July decreased from 4.8% YoY to 4.7% YoY, while overall CPI rose from 3.0% YoY to 3.2% YoY.

by Jeff Wecker

Forex Analysis

August 10, 20230Comments

Forex Analysis – Forecast for EUR/USD on August 10, 2023

Yesterday was relatively calm in anticipation of today's US CPI data for July and the ongoing placement of $38 billion worth of 10-year government bonds.

by Jeff Wecker

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