The EURUSD’s price has bounced from the 1.1230 support and easily moved towards the local resistance from 1.1280. I am expecting the price to find it difficult to go above this level. A bounceback down would be announced by a drop below the local support from 1.1250. On the other hand if bulls will push the price above the resistance, we might witness a rally towards the next local resistance from 1.1300.
Last week I was expecting the USDJPY to finalize the Descending Triangle, which it did. The price broke below the support line and aimed for the key support level from 105.55. Currently it bounced back towards 106.36. This might act as a pretty strong resistance. A drop back to the support level would increase the pressure on the downside.
The price of OIL WTI has breached below 49.50. After the breakout a steep fall has brought the price to 48.25. Considering the negative gap from today’s opening, I would expect the price to try and cover it. A break above the current highs from 48.71 would confirm a rally towards 48.97. A break above 49.00 dollar per barrel would be considered a strong bullish signal.
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