EUR/USD: New Heights Ahead?
Good day,
The European currency has repeatedly gone back to the 1.1909 maximum, repeatedly testing the level. This therefore gives a signal that there is potential for it to drop at some point soon. Once the horizontal level gets broken, the asset’s rate will get back to the broken uptrend with a jump becoming more likely.
The USD/RUB moved back to the 72.70 level, away from which it has the potential to jump. Please note that asset’s rate might first drop till the 72.35 level, and only then is it feasible for it to head up.
The price of the S&P500 is targeting the historical maximum of 3396.80. The asset could also pull back from this level, yet we feel that it would rather break the horizontal and pull from the broken earlier uptrend. It might even exceed the maximum of 3396.80:
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