Euro and U.S. Dollar Plunge into Parity
The currency pair EUR/USD underwent correction. Now, the asset is going down, targeting the parity of 1.0000. The price of this currency pair is likely to pull from the support and jump. However, it would be wise to follow the price movements of the currency pair next to the level of 1.0000 as it can eventually get broken.
Gold has pulled to a very strong broken downtrend denoted by the blue line on the monthly timeframe. Gold might potentially pull from the broken trendline and jump to the level of about 1760.
The S&P500 Index has pulled from the downtrend and dropped. It might target the supporting level of 3900 located next to the uptrend. The price of the index might potentially pull back from the crossing point of these trendlines, and head north.
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