July 23, 20200Comments

USD on July 23. Coronavirus Outbreak in US Weighs om Markets

On July 22, the euro/dollar pair gained about 45 basis points. Thus, the increase continued and the wave 3 in 5 in C in B is taking a very long form. The current wave markup has not changed at all in recent days, because the euro is constantly growing.

by Jeff Wecker

Forex Analysis

July 22, 20200Comments

Analysis of EUR/USD and GBP/USD for July 22. Donald Trump Expects the COVID-19 Situation in the US to Deteriorate; Demand for USD may Decline Even More

On July 21, the EUR/USD pair gained about 80 pips. Thus, the instrument remains within the framework of the construction of the assumed wave 3 in 5 in C in B, which takes a very extended form and can complete its construction near the 200.0% Fibonacci level.

by Jeff Wecker

Forex Analysis

July 21, 20200Comments

Analysis of EUR/USD and GBP/USD on July 21. Euro is Trading in its Usual Way and Ignores the Results of the EU Summit; Dollar is Still Under Pressure from COVID-19 in the US

On July 20, the EUR/USD pair gained about 30 pips. Thus, the instrument remains within the framework of the construction of the assumed wave 3 in 5 in C in B, which takes on a very extended form.

by Jeff Wecker

Forex Analysis

July 20, 20200Comments

Analysis of EUR/USD and GBP/USD for July 20. Negotiations at the EU Summit are Still Failing; Trump’s explanation of the COVID-19 in the US does not Suit the Markets

On July 17, the EUR/USD pair gained about 45 pips. Thus, the instrument presumably remains within the framework of building a 3 in 5 wave in C in B, which takes a very long form.

by Jeff Wecker

Forex Analysis

July 17, 20200Comments

Analysis of EUR/USD and GBP/USD for July 17. ECB Meeting Has Ended; the EU Summit Has Begun. News From the Leader’s Meeting of 27 Countries is Expected

On July 15, the EUR/USD pair lost about 30 pips, but this decline did not particularly affect the current wave counting. Thus, the instrument presumably remains within the framework of a wave 3 in 5 in C in B.

by Jeff Wecker

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