EUR/USD Forecast: Bearish Outlook Against Election Result!

The price of the currency pair EUR/USD tested the broken downtrend against the USA 2024 Presidential Elections. Now, it is trying to rebound from this downtrend. The buyers keep pushing forward, boosting the potential for price rise and focusing on the horizontal level of 1.1000.

The price of Brent oil keeps testing the level of 75.70. However, it might eventually retest the supporting zone formed between levels 71.50 and 72.50. Also, it’s important to note that the price of this asset is likely to target the level of 84 and might aim even higher with time. So, let’s wait and see what is going to be the next price movement of this asset.

The yield of the US Government Bonds is heading up, leaving the broken downtrend behind. This asset might have to face the resistance area formed between levels 4.64 and 4.74, which might potentially reverse the rate and make it drop. Time will tell what is going to happen next. Let us remind you that when the yield of the bonds goes up, their price always goes down, and vice versa.

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