EUR/USD: Potential Reversal Ahead?

Good day,
The EUR/USD pair broke the psychological level of 1.2000, trying to stay above this point. If the asset’s price will stay above the level of 1.2000 tomorrow, the currency pair might jump. The asset might eventually get back to the broken level and then try to jump again.

Gold is getting back to the broken level of 1850.00 away from which it might drop. The asset might hit the maximum level although it is yet to be seen.

British pound is currently sliding along the broken uptrend, closely approaching a very strong resistance at the level of 1.3480. So far, it seems that the asset might pull from the broken downtrend and drop although it might quickly jump and touch the resistance.

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Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.
Past performance is not indicative of future results.
High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% and 75% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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