Brent Oil Forecast: Potential Price Rise Ahead
The price of Ethereum is trying to rebound from the lower boundary of the downtrend. It is also forming a hammer right now. If the price of this asset rises, it might either rebound from the resistance level of 2820 or test the downtrend and drop. Hence, it would be very important to follow the candlestick formations next to these areas to forecast the upcoming market sentiment.
The price of Brent oil is currently testing a very strong supporting zone formed between levels 71.50 and 72.50 and located next to the downtrend. The price of this asset might potentially rebound from the crossing point of these trendlines and target the level of 80. So, let’s observe what might happen next.
The price of the currency pair EUR/USD has formed a bullish trap. Now, it is trying to reverse and test the level of 1.1140. The asset’s price might undergo correction and drop soon. Time will tell whether the price of the asset is going to slightly rise after that.
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