Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon.
EUR/USD: 'Shooting Star' on the 34 MA
Information is not investment advice
The 34 Moving Average has acted as resistance, so there's a 'Shooting Star' pattern, which has been strongly confirmed. At the same time, there's a bullish 'Harami', so there's an opportunity to have a local correction towards the upper 'Window' (1.1306). A pullback from this level could be a starting point for another decline in the direction of lower 'Window' (1.1095).
EUR/NZD is consolidating within a symmetric triangle around 1.7400. Where will it go next?
GBP/CAD made a huge leap to the upside yesterday and got above 1.65 and arrived at the resistance line from May.
One of the most attractive bets on the positive outcome of the trade negotiation is selling XAU/USD.