August 4, 20200Comments

USD on July 4. Donald Trump: Coronavirus Cases

On August 3, the euro/dollar pair lost around 20 basis points. Judging by a pullback from the reached highs, it is highly possible that the pair finished the formation of waves 4, 5, C, B. If it is true, the quote may continue rising within waves 4, 5, C, B.

by Jeff Wecker

Forex Analysis

August 3, 20200Comments

Analysis of EUR/USD and GBP/USD for August 3. Trump Tried to Suggest Postponing the Election Because of the Coronavirus, However, it’s Impossible Because of the Democrats Controlling Congress

On July 31, the EUR/USD pair lost about 70 basis points and presumably completed the construction of wave 3, 5, C, B. If this is true, then the decline in quotes will continue within the wave 4, 5, C, B, however, it is unlikely for long.

by Jeff Wecker

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