October 30, 20200Comments

USD pairs on October 30

The euro collapsed in the market yesterday after the ECB hinted of a possible softer monetary policy in December. It led to the quote moving 70 pips down from 1.1738

by Jeff Wecker

Forex Analysis

October 29, 20200Comments

Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on October 29

The bears got ahold of the market yesterday, as a result of which the euro moved 45 pips down from the level of 1.1767. It was one of the most profitable days this week.

by Jeff Wecker

Forex Analysis

October 28, 20200Comments

Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on October 28

Yesterday was not the best day for traders of the European currency, as the deals only brought losses, and the pair did not even go in any direction until the end of the day.

by Jeff Wecker

Forex Analysis

October 27, 20200Comments

Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on October 27

The market drew a sell signal in the euro yesterday, however, the downward movement only to 15-20 pips. Nevertheless, demand for the currency remains low, mainly due to the continued attack of COVID-19 in Europe, as well as on the decreasing business confidence in Germany.

by Jeff Wecker

Forex Analysis

October 26, 20200Comments

Analysis and trading recommendations for the EUR/USD and GBP/USD pairs on October 26

Strong manufacturing activity in the largest eurozone countries has restored traders' confidence on Europe's economic recovery. As a result, the euro moved 50 pips up from 1.1813, reaching the target price level of 1.1864.

by Jeff Wecker

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