December 27, 20190Comments

USD for December 27. Euro and pound unexpectedly rushed up, while maintaining the potential for decline

On December 26, the EUR / USD pair increased by 10 basis points, but then already gained almost 40 on Friday night and morning. Are the markets recovering their previous holiday activity?

by Jeff Wecker

Forex Analysis

December 26, 20190Comments

Analysis of EUR/USD and GBP/USD for December 25. Holidays made markets freeze

The EUR/USD pair ended with the loss of several base points on December 24. The current wave marking remains the same, because for the remaining time after the release of a review made on Tuesday with low market activity, no changes just happened.

by Jeff Wecker

Forex Analysis

December 23, 20190Comments

Analysis of EUR / USD and GBP / USD for December 23

On December 20, the EUR / USD pair completed with a decrease of 45 basis points, thus, it continued to build a bearish wave presumably at 1 or a, as part of a new downtrend.

by Jeff Wecker

Forex Analysis

December 20, 20190Comments

Analysis of EUR/USD and GBP/USD for December 20. Bank of England helps the pound continue to fall

On December 19, the EUR / USD pair completed with an increase of several base points, which does not affect the current wave marking in any way again, which still involves the completion of the ascending 3-wave trend section near the Fibonacci level of 100.0%.

by Jeff Wecker

Forex Analysis

December 19, 20190Comments

Analysis of EUR/USD and GBP/USD for December 19. Pound will resume its decline if three or more Bank of England board members support rate cut

On December 17, the EUR/USD pair completed lowering by 40 basis points, which is fully consistent with the current wave marking at the moment, and just involves the construction of a new bearish set of waves. Thus, I still believe that the pair is completely ready for a new decline, however, the level of 61.8% Fibonacci raises some doubts.

by Jeff Wecker

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