The pre-New Year rally continues; S&P 500 up 0.42%, the euro up by 28 points, oil up by 1.99%, and gold up by 0.52%. The euro has surpassed the target resistance at 1.1033, and today, it opened above this level. Now the pair must take one final leap to move towards 1.1076, where we might see profit-taking for the entire pre-New Year movement.
The pre-New Year rally continues; S&P 500 up 0.42%, the euro up by 28 points, oil up by 1.99%, and gold up by 0.52%. The euro has surpassed the target resistance at 1.1033, and today, it opened above this level. Now the pair must take one final leap to move towards 1.1076, where we might see profit-taking for the entire pre-New Year movement.
Although the Marlin oscillator is in the positive territory, it appears weak, formally consolidating above the zero line. A delay in the price’s growth may push the oscillator to move into negative territory. The least we can do for today is to close the day above yesterday’s closing price.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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