EURUSD was identified at around 1.03609 having recently rebounded of the support on the 1 hour data interval. Ultimately, the price action of the stock has formed a Channel Down pattern. This squeeze may increases the chances of a strong breakout. The projected movement will potentially take the price to around the 1.0382 level.
LTCUSD is en route to a very important line that will be a definite deciding factor of what is to come! We may see this trajectory continue to touch and break through 111.6800, unless it runs out of momentum and pulls back to current levels.
S&P500 is heading towards a line of 5947.4800. If this movement continues, the price of S&P500 could test 5947.4800 within the next 3 days. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding.
The movement of ETHUSD towards 3409.4600 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.
FTSE100 is about to retest a key horizontal resistance level near 8336.7998. It has tested this level 4 times in the recent past and could simply bounce off like it did last time. However, after this many tries, maybe it’s ready to start a new trend.
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