July 30, 20200Comments

USD for July 30. Markets Ignored the Speech of Jerome Powell and are Waiting for the Report on US GDP for the Second Quarter

On July 29, the EUR/USD pair gained about 70 pips and thus, continues to build an assumed wave 3 in 5 in C in B with targets located near the 261.8% Fibonacci level.

by Jeff Wecker

Forex Analysis

July 29, 20200Comments

Analysis of EUR/USD and GBP/USD for July 29. Fed Considers its Main Task to Contain the Spread of COVID-2019

On July 28, the EUR/USD pair lost about 40 pips, but such small losses did not affect the current wave markup in any way. Thus, now there is no reason to assume even the completion of the construction of the wave 3 in 5 in C in B.

by Jeff Wecker

Forex Analysis

July 28, 20200Comments

Analysis of EUR/USD and GBP/USD for July 28. Social Unrest in US Turns Brutal. Demand for USD Remains Low

On July 27, EUR/USD gained another 110 pips. Thus, the currency pair has been rising while wave 3 is being formed inside wave 5 inside C inside B. The wave itself looks rather extended.

by Jeff Wecker

Forex Analysis

July 27, 20200Comments

Analysis of EUR/USD and GBP/USD for July 27. Dollar Continues its Hopeless Decline Amid the Worst Coronavirus Pandemic in US

On July 24, the EUR/USD pair gained about 60 more pips, and another 70 on Monday morning. Thus, the rise in the instrument quotes as part of the construction of wave 3 to 5 in C to B continues, and the wave itself takes a very extended form.

by Jeff Wecker

Forex Analysis

July 24, 20200Comments

Analysis on EUR / USD and GBP / USD for July 24, 2020

On July 23, the EUR / USD pair gained about 20 basis points. Thus, the rise in the instrument quotes as part of the construction of wave 3 to 5 in C to B continues, and the wave itself takes a very extended form.

by Jeff Wecker

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