EUR/USD Consolidates, but Bulls are Holding a Tight Grip
Euro is undergoing a correction, heading down, and targeting the uptrend and supporting level of 1.0500. The asset might potentially pull back from the crossing point of this uptrend and supporting level and jump. Euro might also eventually hit the level of 1.1000. Time will tell what will happen next.
Brent oil keeps testing the fresh minimums. Currently, the asset’s price is trying to form the correction for the next potential drop. Oil might reverse away from the crossing point of the weekly downtrend and the broken local uptrend, that is, the level of 82.0, and head south.
American stock index S&P 500 is likely to face resistance at the level of 4200 located next to the broken uptrend. The index might pull back from the resistance area formed between levels 4175 and 4200. So, let’s observe what will happen next.
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