Brent Oil Forecast: Potential Price Rise Ahead
The price of Brent oil has tested the supporting zone located between levels 71.50 and 72.50, leaving the bearish trap behind. Now, the price of this asset might potentially rise and target the downtrend at the level of 82.00 soon. So, let’s observe what is going to be the next price movement of Brent oil.
The price of the currency pair EUR/USD rebounded to the resistance level of 1.1140 and retested it. It might repeatedly rebound from this level and drop to the level of 1.1000. Time will tell whether this scenario might work out.
The price of Ethereum broke the local downtrend drawn at points 1 and 2 and pulled back to it. Currently, the price of this asset is trying to rebound from the broken trendline. It might have to face a very strong resistance level of 2820 soon.
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