Analysis of EUR/USD and GBP/USD for June 1. US Dollar Continues to Lose Demand Due to Sad News in America
On May 29, the EUR/USD pair gained about 20 more basis points and, thus, continues to build the estimated wave 3 in 3 in C in B of the upward trend section. If this is true, then the increase in quotes will continue with targets located near the levels of 127.2% and 161.8% Fibonacci.
Jeff Wecker