EUR/USD Holds Parity, S&P500 Might Jump Soon
The currency pair EUR/USD remains in the supporting zone formed between the levels 0.9950 and 1.0000. This asset is likely to pull back, undergo correction, and jump, targeting the local downtrend. The downtrend is denoted by the blue line on the chart below.
Oil is slowly approaching the resistance at the level of 107.50. It is likely to head north next week, and face resistance at the level of 107.50. Oil might even break the resistance and head further. So, let’s observe what the oil is about to do next.
American stock index S&P500 is going down, targeting the supporting level of 3900.00 and uptrend, away from which it might potentially pull and jump.
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.