October 27, 20200Comments

USD pairs on October 27

The market drew a sell signal in the euro yesterday, however, the downward movement only to 15-20 pips. Nevertheless, demand for the currency remains low, mainly due to the continued attack of COVID-19 in Europe, as well as on the decreasing business confidence in Germany.

by Jeff Wecker

Forex Analysis

October 26, 20200Comments

Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on October 26

Strong manufacturing activity in the largest eurozone countries has restored traders' confidence on Europe's economic recovery. As a result, the euro moved 50 pips up from 1.1813, reaching the target price level of 1.1864.

by Jeff Wecker

Forex Analysis

October 23, 20200Comments

Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on October 23

Analysis of transactions in the EUR / USD pair The euro collapsed yesterday amid the debates of US presidential candidates, as well as due to strong reports on the US economy. The downward movement to about 30 pips.

by Jeff Wecker

Forex Analysis

October 22, 20200Comments

Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on October 22

Euro bulls tried all their might to raise the price higher, however, their positions did not bring the expected result. This suggests that the upside potential of the euro is slowing down.

by Jeff Wecker

Forex Analysis

October 21, 20200Comments

Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on October 21

Euro bulls were encouraged by the speech of ECB head Christine Lagarde yesterday, thereby maintaining the bullish momentum in the market. Long positions from the level of 1.1801 got about 35 pips of profit, while those who are keen to reach the target level of 1.1850 could gain 50 pips of profit today during the Asian trading session.

by Jeff Wecker

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