Analysis of EUR/USD and GBP/USD on February 18. The Pound, Which Does not Want to Fall, and the Euro, Which Falls for Two
On February 17, the EUR/USD pair gained only a few base points, which did not affect the current wave markup, which assumes the construction of wave 3 or C of the downward trend. Thus, neither the internal correction wave in the composition of 3 or C nor the correction wave 4 begins their construction due to too weak demand for the euro.
Jeff Wecker