June 13, 20240Comments

Forex Analysis – Forecast for EUR/USD on June 13, 2024

Yesterday, the US dollar fell by 0.87%, with the key event being the release of the US CPI for May. The core index decreased from 3.6% y/y to 3.4% y/y,

by Jeff Wecker

Forex Analysis

June 11, 20240Comments

Forex Analysis – Forecast for EUR/USD on June 11, 2024

On the weekly chart, the euro has opened a gap below the support of the Kijun-sen line, setting a target at 1.0369, which coincides with the August 2022

by Jeff Wecker

Forex Analysis

June 10, 20240Comments

Forex Analysis – Forecast for EUR/USD on June 10, 2024

US unemployment rose from 3.9% to 4.0% in May as the labor force participation rate fell from 62.7% to 62.5%, non-farm payrolls added 272k new jobs vs.

by Jeff Wecker

Forex Analysis

June 7, 20240Comments

Forex Analysis – Forecast of EUR/USD on June 7, 2024

So, the ECB rate cut by the expected 0.25% has passed. The euro reacted calmly to the news, even slightly increasing its resistance of 1.0905.

by Jeff Wecker

Forex Analysis

June 6, 20240Comments

Forex Analysis – Forecast of EUR/USD on June 6, 2024

In anticipation of today's ECB meeting, the euro has covered the entire range of target levels, nearly 120 points (1.0788-1.0905), with final consolidation

by Jeff Wecker

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