EUR/USD is heading north!


The price of European currency is trying to pull from the 1.1109 horizontal level that was broken earlier. Currently, the asset’s price is trying to close the trading day with a candle resembling a hammer:

The reports provided by COT CFTC forecast a completely different future for the European currency. It seems that large operators might enter the red zone (Long-Short positions) thus weakening the position of the currency pair EUR/USD:

Gold entered the triangle pattern and could pull strongly and quickly away from it soon. So far, the asset’s rate is remaining below the 1500 psychological level and could drop:

The swiss franc broke the local uptrend denoted by the orange color on the chart. The asset is now heading back to this uptrend. The Swiss franc could pull from the broken uptrend soon:

Let us remind you that this material is provided for informative purposes only and cannot be considered as a direct go ahead to implement transactions in the financial markets. Trading in the financial markets is very risky.

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