April 28, 20230Comments

Forex Analysis – Forecast for EUR/USD on April 28, 2023

Yesterday's US economic data showed that GDP grew by 1.1% for the 1st quarter y/y against a forecast of 2.0% y/y, a 5.2% decline in pending home sales for March

by Jeff Wecker

Forex Analysis

April 27, 20230Comments

Forex Analysis – Forecast for EUR/USD on April 27, 2023

On Wednesday, the euro managed to overcome the pressure on Tuesday, with the EUR/USD pair rising by 70 points, setting a new high for the year

by Jeff Wecker

Forex Analysis

April 26, 20230Comments

Forex Analysis – Forecast for EUR/USD on April 26, 2023

The euro did not take the chance to overcome the nearest peak of April 14 at 1.1076, and so its high was 1.1068. Thus, there will be no divergence.

by Jeff Wecker

Forex Analysis

April 25, 20230Comments

Forex Analysis – Forecast for EUR/USD on April 25, 2023

The euro still managed to make an attempt to move upwards to the upper limit of the price channel at 1.1057. Now the price can immediately reverse to move

by Jeff Wecker

Forex Analysis

April 24, 20230Comments

Forex Analysis – Forecast for EUR/USD on April 24, 2023

On the weekly chart, the divergence between the price and the Marlin oscillator has slightly intensified over the past week. The price going below the Fibonacci

by Jeff Wecker

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