GBP/USD plunged today after reaching a new higher high or 1.4250 level. The rate dropped as the DXY rebounded. Unfortunately, the pair was rejected by a strong resistance area. Now, GBP/USD has come back down to test and retest the support levels, downside obstacles. The price could start …
US Oil Upside Breakout!
US Oil is trading in the red at the time of writing at 66.89 level. The price tests and retests the broken upside obstacles before jumping higher. The outlook is bullish, so further growth is favored. A temporary decline was expected and natural after the last rally. The current consolidation may …
DAX 30 Upside Continuation!
DAX 30 is traded in trading in the green at the time of writing. The price has dropped in the short term but it has invalidated a larger decline. The index is still bullish, so it could resume its major uptrend. The German stock index slipped lower after its previous swing higher. A temporary …
