July 10, 20200Comments

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

Forex Analysis

July 8, 20200Comments

Analysis of EUR / USD and GBP / USD on July 8. The Forecast for the Eurozone GDP has Worsened, But is Still Optimistic.

On July 7, the EUR / USD pair lost about 40 basis points, but the current wave markings still include the upward set of waves as parts of wave 5 in C and B. Thus, another increase in quotes will occur, targeting the levels near the 161.8% and 200.0% Fibonacci.

by Jeff Wecker

Forex Analysis

July 7, 20200Comments

Analysis of EUR/USD and GBP/USD on July 7. Conflict in the South China Sea, Rising Cases in the US, and Strong ISM Index

On July 6, the euro/dollar pair gained 65 basis points but lost most of it on Tuesday night and in the morning. Thus, the current wave markup remains unchanged, however, it becomes very complicated.

by Jeff Wecker

Forex Analysis

July 6, 20200Comments

Analysis of EUR/USD and GBP/USD. Unemployment Rates Pass their Peak Both in EU and US, thus Proving Recovery in labor Markets. US faces new COVID-19 Outbreak

Unemployment Rates Pass their Peak Both in EU and US, thus Proving Recovery in labor Markets. US faces new COVID-19 Outbreak

by Jeff Wecker

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