July 15, 20200Comments

USD on July 15. US Economy May Shrink Due to Second Wave of Coronavirus

On July 14, the euro/dollar pair gained about 55 basis points. It continues to build the expected wave 5 in C and B. A successful attempt to break the 161.8% Fibonacci level indicates that the markets are ready for new purchases of the single currency.

by Jeff Wecker

Forex Analysis

July 14, 20200Comments

Analysis of EUR/USD and GBP/USD for July 14. Euro Ignores Weak Statistics from the EU and Germany and Continues Moderate Growth

On July 13, the EUR/USD pair gained about 40 basis points and thus, continues the process of constructing the alleged wave 5 in C in B, in particular its internal wave 3.

by Jeff Wecker

Forex Analysis

July 13, 20200Comments

Analysis of EUR/USD and GBP/USD for July 13. What Could Result in a New Outbreak of Coronavirus in the US? Disappointing Forecasts by Anthony Fauci

On July 10, the EUR/USD pair gained about 15 basis points and thus continues the process of building the expected wave 5 in C in B. The entire wave 5 in C in B can be very long and complex, since at this time the markets are trading very chaotically.

by Jeff Wecker

Forex Analysis

July 10, 20200Comments

EUR/USD and GBP/USD forecast for July 10. No Important News is Expected Today. EUR and GBP Trade Opposite, While COVID-10 Outbreak in the US Still Weighs on the Markets.

On July 9, the EUR/USD pair lost about 45 basis points and made an unsuccessful attempt to break through the 127.2% Fibonacci level. Thus, the current wave marking remains unchanged and is still set to form an upward wave 5 in C and B.

by Jeff Wecker

Forex Analysis

July 9, 20200Comments

Analysis of EUR/USD and GBP/USD on July 9. Boring End of the Trading Week.

On July 8, the EUR/USD pair gained about 55 basis points and thus continued to build the expected wave 5, C, or B. I expect a continued improvement of the instrument's quotes in terms of the building of this wave, after which the prolonged decline in quotes in the framework of the proposed global wave C.

by Jeff Wecker

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