April 22, 20200Comments

USD on April 21. GBP Drops Following the Wave Pattern. EUR to Resume Growth Soon

On April 20, the EUR/USD pair lost just about 10 basis points, and later on Tuesday it eased by additional 30 points. Thus, we can see another attempt of the price to break through the 23.6% Fibonacci level. The previous two attempts were not successful.

by Jeff Wecker

Forex Analysis

April 20, 20200Comments

Analysis of EUR/USD and GBP/USD for April 20. Spread of COVID-2019 is Slowing in the US and Europe. Countries are Preparing to Lift the Quarantine

On April 17, the EUR/USD pair gained about 35 basis points and made an unsuccessful attempt to break through the 23.6% Fibonacci level. Thus, increasing the quotes of this instrument may be resumed in the near future within the framework of the proposed third wave in the composition C.

by Jeff Wecker

Forex Analysis

April 17, 20200Comments

Analysis of EUR/USD and GBP/USD for April 17. Coronavirus Does Not Recede, Economy Continues to Decline, and Unemployment is Rising

On April 16, the EUR/USD pair has lost about 70 basis points and thus, significantly complicates the internal wave structure of the expected wave 3 in C. If the current wave marking is correct, then the growth in quotes of the instrument will resume with targets above the 11th figure in the third wave.

by Jeff Wecker

Forex Analysis

April 16, 20200Comments

Analysis of EUR/USD and GBP/USD for April 16. US Report on Applications for Unemployment Benefits May Show Another 5.5 Million

On April 15, the EUR/USD pair lost about 70 basis points and thus considerably complicates the internal wave structure assumed by wave 3 in C. If the current wave marking is correct, then the increase in quotes of the instrument will resume with targets above the 11th figure.

by Jeff Wecker

Forex Analysis

April 15, 20200Comments

Analysis of EUR/USD and GBP/USD for April 15. Donald Trump is in a Hurry to Restart the Economy, Otherwise a New Mortgage Crisis

On April 14, the EUR/USD pair gained about 70 basis points, but today, it already managed to lose about 50 at the morning trading. Thus, the alleged wave 3 in future C continues to be formed, but can take a very long and complicated form.

by Jeff Wecker

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