EUR/USD Analysis: Potential Price Rise Ahead
The price of the currency pair EUR/USD is heading up. The asset broke the level of 1.0690 and is forming a hammer right now. The asset’s price is likely to break the resistance at the level of 1.0765 and target the new level of 1.1000 next. Currently, the key factors signify potential price growth. So, let’s observe what is going to happen next.
The price of natural gas has dropped and rebounded from the resistance level of 3.47. Now, it is undergoing a correction towards the supporting zone formed between levels 2.87 and 3.00. The price of this asset might potentially rebound from this zone and rise again.
The American stock index S&P500 is approaching the upper boundary of the downtrend. The asset’s price is likely to undergo a correction and drop. It might also form a large flag, break the upper boundary of the downtrend, and head north. At this point, it would be very important to follow the candlestick formations next to this downtrend to forecast the potential price movements.
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