Bitcoin has already tested the flag. The asset currently remains at the broken level of 23,500. Bitcoin is likely to hit the level of 25,500 next.
Oil hasn’t managed to form the reversal pattern, pulling back from the resistance level of 107.50. The asset has dropped to the level of 100. Oil is likely to pull back from the psychological resistance at the level of 100 and head north.
The currency pair EUR/USD has tested the level of 1.0000. The asset is heading north, gradually approaching the level of 1.0400. This level serves as a crossing point for the middle point of the range and downtrend, away from which the currency pair might potentially pull and drop. So, let’s wait and see what is about to happen next.
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Written by Oleg Svirgun
Oleg has been trading on the Forex market for more than 10 years. He specializes in technical analysis with the oriental elements of candlestick analysis and has an extensive knowledge of all foreign exchange market trading aspects.
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