June 17, 20240Comments

Forex Analysis – Forecast of EUR/USD on June 17, 2024

The price has consolidated below the MACD indicator line (blue) and the balance indicator line (red) on the weekly chart.

by Jeff Wecker

Forex Analysis

June 14, 20240Comments

Forex Analysis – Forecast for EUR/USD on June 14, 2024

Yesterday, the euro returned to the base of Wednesday's large white candle and is now on track to overcome the support at 1.0724. Consolidating below this level

by Jeff Wecker

Forex Analysis

June 13, 20240Comments

Forex Analysis – Forecast for EUR/USD on June 13, 2024

Yesterday, the US dollar fell by 0.87%, with the key event being the release of the US CPI for May. The core index decreased from 3.6% y/y to 3.4% y/y,

by Jeff Wecker

Forex Analysis

June 11, 20240Comments

Forex Analysis – Forecast for EUR/USD on June 11, 2024

On the weekly chart, the euro has opened a gap below the support of the Kijun-sen line, setting a target at 1.0369, which coincides with the August 2022

by Jeff Wecker

Forex Analysis

June 10, 20240Comments

Forex Analysis – Forecast for EUR/USD on June 10, 2024

US unemployment rose from 3.9% to 4.0% in May as the labor force participation rate fell from 62.7% to 62.5%, non-farm payrolls added 272k new jobs vs.

by Jeff Wecker

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