Copper And EUR/USD: Bearish Outlook
The price of copper rebounded from the supporting level of 3.5500 and approached the downtrend. The price of this asset managed to break the downtrend. However, it doesn’t hold the position well, so the asset might potentially rebound and drop. The price of copper can also rebound and rise. At this point, it would be important to follow the candlestick formations to forecast the next price move.
The price of copper rebounded from the supporting level of 3.5500 and approached the downtrend. The price of this asset managed to break the downtrend. However, it doesn’t hold the position well, so the asset might potentially rebound and drop. The price of copper can also rebound and rise. At this point, it would be important to follow the candlestick formations to forecast the next price move.
The price of the currency pair USD/JPY rebounded from a very strong resistance level of 151.94. Currently, it is heading down. The currency pair should gain the required support at the level of 145. Next, it might either rebound and rise or break the support, dive even deeper, and target the supporting level of 138.00. In this case, it would be very wise to check the candlestick formations.
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