Having tested the parity, the currency pair EUR/USD has pulled back from the support and reversed to jump and undergo correction. It’s clear that bears won’t be able to break the level of 1.0000 right away. Now, the asset’s price is targeting the downtrend. The price of this currency pair is likely to pull from the downtrend and drop. American stock index S&P 500 is heading down. It has closely approached the supporting level of 3900.00, which is the crossing point for several important trendlines. The asset might potentially pull back from the supporting level of 3900.00. Hence, it is likely to hit the level of 3900 and jump soon. So, let’s observe what will happen next. Bitcoin remains at the psychological level of 20000. This asset might either pull from the current level or gain the required support at the level of about 19000. Currently, the price of Bitcoin is not likely to drop to the level of 19000. Hence, potential price growth might be ahead.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/eur-usd-forecast-potential-correction-ahead"
via IFTTT
Subscribe to:
Post Comments (Atom)
-
The new strain of covid found in South Africa could disrupt plans by governments and central banks to rebuild economies. Financial markets a...
-
Fidelity “FIS” is a global financial services technology company and a leader in providing technology solutions to merchants, banks and cap...
-
Asian Equities Sink on Covid FearsIt’s been a mixed start to the week for global equities benchmarks with US and European asset markets rema...
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.