Oil Prices on Downward Trajectory
Good day,
The EUR/USD pair has touched the resistance at the level of 1.1900 and pulled back, forming a shooting star. The asset’s price is expected to drop till the level of 1.1704, therefore the currency pair is most likely to head down in the beginning of trading week.
Brent oil has pulled from the upper side of local downtrend that resembles a flag. Hence, potential drop might be ahead. Oil price might hit the level of 65.50.
Gold has closely approached the resistance zone, leaving the flags behind. Gold might even break the level soon. Therefore, let’s check the price movements next to this zone to understand what is about to happen next.
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