American stock index S&P500 broke the uptrend and got back to it. Currently, the asset is trying to pull from the broken trendline. However, the index will have to break the level of 3930 first. After that, it might potentially hit the level of 3600. So, let’s wait and see what is going to happen next.Bitcoin keeps moving along the level of 17000. It is likely to target the level of 18500 next. The upcoming flag formation on the chart might help Bitcoin head up.The currency pair EUR/USD keeps testing the weekly downtrend. Hence, the asset might target the supporting level of 1.0350 next to the broken uptrend, and jump.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/american-index-s-and-p500-potential-drop-ahead"
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