Last week the price of the currency pair EUR/USD dropped. The price of this asset might gain the required support at the very important level of 1.0600, bounce back, and rise. In this case, it would be very important to follow the price movements next to this supporting level. Although the asset’s price might also break this level through. However, this breakout is less likely to happen. The price of the currency pair might rather rise and form a false breakout, that is, the bearish trap. So, let’s wait and see what is going to be the next price movement of this asset.

The cross rate of the currency pair EUR/USD broke a very strong supporting level of 0.8505, signifying the continuation of the descending movement. The price of this asset is likely to bounce back to the broken trendline, rebound, and drop. Time will tell whether this scenario is going to work out.

The price of the offshore Yuan might reach the lowest price points within the supporting zone formed between levels 0.1354 and 0.1358. Of course, the price of this asset won’t leave this zone behind right away. It might potentially rebound and rise. So, let’s wait and see what is going to happen next. 

The price of Amazon stocks has repeatedly approached the resistance area formed between the levels 191.70 and 189.77. It is likely to rebound from this area soon. On the other hand, it might form a false breakout or a bullish trap. Hence, it would be very important to follow the price movements next to this resistance area to forecast what is going to happen next.