EUR/USD is on the Rise

After a short-lasting drop, the currency pair EUR/USD has reversed and jumped. Currently, the asset is approaching a very important resistance zone formed between levels 1.1000 and 1.1030. The currency pair is likely to pull back from this zone. So, let’s observe what will happen.

The price of Brent oil is heading up, it should approach the level of 89.00 soon. Next, it might either break this level and target the level of 90 or pull back to the broken downtrend and then jump. Hence, you could consider following the price movements around this resistance.

The Swiss Franc is approaching the broken downtrend and a very strong supporting level of 0.8900. Since this trend has been spotted in the weekly time frame, the asset is likely to head up over the medium term. To stay informed, check the candlestick formations from the daily chart.

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