EUR/USD: Possible Drop Ahead?
Good day,
EUR/USD price is trying to approach and test the 1.1909 level. The asset might either pull from the horizontal line and drop or break the level and jump to the broken trendline. The asset has already approached this trendline many times already. Away from this trendline the currency pair might pull and drop.
The Canadian currency approached the weekly uptrend, trying to pull from its lower boundary.
On Friday, on the daily chart, it closed with a bullish engulfing pattern. This might signify a potential price jump.
Let us discuss German bonds... Having first jumped, the asset’s price has slowed down a bit and correction began. Currently, the asset’s price is approaching the uptrend, which was falsely broken. It is also targeting the 173.30 level, away from which the asset might head North again.
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