Euro is trading in short-term downtrend with a target at Target Zone [1.0949 — 1.0933]
Oil is trading in the middle-term uptrend. Target Zone 3 [62.72 – 62.27] was reached last week.
Oil futures margin requirements were changed last week, so I recommend you to check margin zones according to the chart below.
Traders are now testing the key support to the trend [58.86 – 58.41]. Despite the gap, it is relevant to look for purchases according to the methodology. To enter buy trades, we need a pattern, and the upside target is the high of last week….
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