In the long-term chart, EURUSD is testing the key resistance of the middle-term downtrend
USCrude – oil
Oil price reached the middle-term sell target, Target Zone 2 [53.58 – 53.21]. The price will fall deeper after it is consolidated below the zone. The key resistance of the trend is now at [57.53 — 57.17].
The short-term trend is downward. Yestreday, sellers reacted after Intermediary Zone [55.52 – 55.34] test.
The price has again approached this resistance today. I recommend looking for new sell trades only according to the pattern.
If the resistance is broken out, the trend will reverse upwards….
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