Bitcoin is Going up, EUR/USD Might Drop Soon
Bitcoin broke the level of 23500. Now, the asset is trying to pull back to the broken trendline. Bitcoin should pull from the level of 23500 and face resistance at the level of 25500 next.
Oil has managed to form the bearish trap on the daily timeframe and get back in the usual range below the supporting level of 94.5. Currently, oil is on the rise, potentially targeting the level of 107.5. So, let’s wait and see what is about to happen next.
The currency pair EUR/USD has tested the broken level of 1.0350 (1.0360) and pulled back. This might signify the potential continuation of a descending move. As it can be seen from the chart below, this asset is likely to drop soon.
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. 73% and 72% 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.
Futures and Options: Trading futures and options on margin carries a high degree of risk and may result in losses exceeding your initial investment. These products are not suitable for all investors. Ensure you fully understand the risks and take appropriate care to manage your risk.