May 19, 20200Comments

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

Forex Analysis

May 18, 20200Comments

Analysis of EUR/USD and GBP/USD for May 18. US Dollar Continues to be in Great Demand

On May 15, the EUR/USD pair gained about 15 basis points, however, such a small price change did not affect the current wave marking. Thus, the instrument is still close to completing the construction of the assumed wave 2 in C in B.

by Jeff Wecker

Forex Analysis

May 15, 20200Comments

Analysis of EUR/USD and GBP/USD for May 15. Andrew Bailey: “The Bank of England is Not Going to Lower Rates, But this Option Should Not be Completely Ruled Out”

On May 14, the EUR/USD pair lost about 20 basis points, but could not reach the minimum of the expected wave 2 in C to B, stopping at a distance of several points from it.

by Jeff Wecker

Forex Analysis

May 14, 20200Comments

Analysis on EUR / USD and GBP / USD for May 14, 2020

On May 13, the EUR / USD pair lost about 40 basis points. Thus, the construction of the alleged wave 3 in C in B continues to drag out. The current wave marking is so far unambiguous and involves the construction of a rising wave.

by Jeff Wecker

Forex Analysis

May 13, 20200Comments

Analysis on EUR / USD and GBP / USD for May 13, 2020

On May 12, the EUR / USD pair gained about 40 base points, but this was enough for the instrument to begin to move quotes from previously reached lows.

by Jeff Wecker

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