Monday, August 29, 2022

EUR/USD Holds Parity, S&P500 Might Jump Soon

The currency pair EUR/USD remains in the supporting zone formed between the levels 0.9950 and 1.0000. This asset is likely to pull back, undergo correction, and jump, targeting the local downtrend. The downtrend is denoted by the blue line on the chart below.Oil is slowly approaching the resistance at the level of 107.50. It is likely to head north next week, and face resistance at the level of 107.50. Oil might even break the resistance and head further. So, let’s observe what the oil is about to do next.American stock index S&P500 is going down, targeting the supporting level of 3900.00 and uptrend, away from which it might potentially pull and jump.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/eur-usd-holds-parity-sp500-might-jump-soon"
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