EUR/USD Analysis: Potential Price Rise Ahead
The price of the currency pair EUR/USD rebounded from the level of 1.1100 and dropped. The asset might gain the required support in the zone formed between levels 1.0640 and 1.0670, rebound, and rise. So, let’s observe what might happen next.
Brent oil broke the local downtrend. Now, the asset is forming a very narrow range. The price of oil might get the required support in the zone formed between levels 71.50 and 72.50 after testing the broken downtrend.
The price of the American stock index S&P500 rebounded from the resistance level of 4795 and dropped. The asset might have to face resistance at the level of 4607, which got broken earlier. The asset’s price might test this level, rebound, and rise again to reach the old maximum points. Time will tell whether it will happen.
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