S&P500 Likely to Rebound
Good day,
The price of Euro has reached resistance at the level of 1.2243 away from which it is currently trying to pull. So far, it seems that this asset might pull back to the daily uptrend and jump again.
The US stock index S&P500 is heading down, targeting the supporting level of 3978.50. The asset might not manage to break this level at once, hence, it could potentially move higher.
The British pound has closely approached the level of 1.4241 and broken uptrend. The currency pair might potentially drop, forming either a range or a peak.
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Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.
Past performance is not indicative of future results.
High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% and 75% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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