May 25, 20200Comments

USD on May 25. Markets are Waiting for a Denouement or New Data on the US-China Conflict

On May 22, the euro/dollar pair lost another 55 basis points. Thus, the instrument continues to move, which contradicts the current wave markup, which assumes the construction of an upward wave 3 or C or B.

by Jeff Wecker

Forex Analysis

May 22, 20200Comments

Analysis of EUR/USD and GBP/USD for May 22. Business Activity in the US, EU and UK Indicates a Slowdown in Economic Decline

On May 21, the EUR/USD pair lost about 30 basis points, and on Friday morning trading another 45. However, such losses do not yet violate the existing wave markup, which assumes the construction of a wave 3 in C in B.

by Jeff Wecker

Forex Analysis

May 21, 20200Comments

Analysis of EUR / USD and GBP / USD for May 21, 2020

On May 20, the EUR / USD pair gained about 50bp and thus continued construction supposed wave 3 in C in B. If the current wave marking is correct, then the increase in quotes will continue with targets located around 11 and 12 figures.

by Jeff Wecker

Forex Analysis

May 20, 20200Comments

EUR/USD and GBP/USD Analysis for May 20. US and EU Consider Additional Financial Stimulus to Support their Economies

On May 19, the EUR/USD pair gained only 10 basis points and continued to build the estimated wave 3 in C to B. If the current wave indication is correct, then the quotes will continue to rise to the targets at the mark of 11 and 12.

by Jeff Wecker

Forex Analysis

May 19, 20200Comments

Analysis of EUR/USD and GBP/USD on May 19. First Successful Attempts of a COVID-19 Vaccine Give Hope for Economic Recovery in 2020

On May 18, the EUR/USD pair gained almost 100 basis points and thus completed the construction of the supposed wave 2 to C in B. There is already a doubt that the markets are currently able to begin building a new rising wave.

by Jeff Wecker

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