EUR/USD Drops and Targets the Level of 1.0924
Good day!
The rate of EUR/USD is about to test the level of 1.0924 for the fourth time in a row. The asset has recently pulled back away from this level, leaving the long tails behind. So far, we assume that it will pull back from this level again although a fine and strong breakout may happen as well. The asset’s rate has also strongly pulled from the downtrend:
Based on the latest data by COT CFTC, large operators keep shortening long positions and expanding the long ones. All in all, it may signify decreased resistance of the level of 1.0927 and potential breakout downwards:
Swiss franc managed to repeatedly pull back from the broken downtrend, forming a bullish engulfing. It can mean that the currency pair USD/CHF is quite likely to head North anytime soon:
Gold is repeatedly testing the uptrend and the psychological supporting level of 1500.00. As for now, it looks like this asset is about to jump:
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