Euro is approaching strong demand zones. Middle-term uptrend continues
USCrude – oil
Oil is still trading in the middle-term downtrend. Until the resistance at [54.31 – 53.97] is not broken out, it is relevant to sell with a target at June’s low. If the resistance is broken out, we shall look for purchases with a target at Target Zone 2 [57.76 – 57.42].
The key resistance of the short-term downtrend has not been broken out, so we can sell oil with a target at the low of June 12. To enter sells, I recommend expecting a pattern that will emerge…
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