Outlook for EUR/USD and GBP/USD on July 15. US economy may shrink due to second wave of coronavirus

EUR/USD On July 14, the euro/dollar pair gained about 55 basis points. It continues to build the expected wave 5 in C and B. A successful attempt to break the 161.8% Fibonacci level indicates that the markets are ready for new purchases of the single currency. Thus, the pair may continue advancing to the targets […]