EURUSD is likely to come a little lower before he makes another run up. Prerequisite: The prices around 1.12000 are visibly rejected. The pre-week high remains the target as TP for this week. It might even be higher.
In the next few days, when the price goes up, we will probably see the 1310. There, gold will first take a break and correct 60-70% down again, where again a range should form to accumulate. Thereafter, the uptrend should continue until about 1324.
After the oil price crashed on Friday and broke the lows of many past days, I assume the current week will be very slow. I also expect that the current week will break neither the high nor the low of the previous week. The course will work its way up slowly.
The price was just above the 125,000 mark today and rejected it right away. I think that yesterday's daily high of yesterday will be tested again, but it will not be broken. After that the daily low of yesterday should be reached. Maybe the course will go even further.
Since today's prices have been rejected below the 1.2912 level, one can assume that the short-term uptrend will continue. I assume that the mark of 1.29600 will still be reached until you theoretically continue with the downtrend in the larger unit of time.
The gap in the past has been rejected. This is visible through the blue framed wick. Now volume is accumulated to break up. caution!! In a few hours you will find important news for the JPY. This should change the plan by the surcharges. As a target, you could even target the 147,000.
Yesterday and today lower prices have been rejected and the price has been pushed back into the range of the previous week. It is expected that the middle of the previous week will be tested. If this is rejected, it could quickly go down. Should the prices in the middle of the previous week be accepted, probably also the previous week high will be driven.
After breaking the previous week's low today but closing today's closing price within the previous week, it is expected that a third attempt will be made to trade higher. This should also be rejected so that the correction should be completed and the down trend continues towards 1200 mark.
Now that support has been broken at 1.29600, we are looking for the next support below. This should be at 1.28000. But first the broken support is tested again.
After a 83,000 psychological mark retracement, the upward movement should be re-launched. At this level is also the opening price of April. Right at the beginning you can see that underlying prices are not accepted.
