Is EUR/USD Uptrend on the Horizon?
Good day!
The EUR/USD pair managed to pull from the supporting level of 1.0927 and closed Friday with a bullish engulfing. All in all, the currency pair might potentially jump although ascending move is so far limited by the downtrend. Should the asset manage to break the trend, it can very well reach the level of 1.2500:
Based on the latest reports by COT CFTC, large operators decreased short positions on single currency thus potentially signifying upcoming correction:
British pound is on its way for correction. So far, the currency pair might drop till the broken downtrend and psychological supporting level of 1.2000 just to head up afterwards:
The Russian currency might jump till the resistance level of 65.55 and then pull back down:
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