EURUSD | Perspective for the new weekThe EUR/USD reached a fresh four-week high, around 1.0765 but, gave up some 30 pips to close the week below the key level at $1.08000 on the back of positive US data. So from a technical perspective, I intend to use the key level and bearish trendline as a guide going into the new week as a breakout or rejection of this confluence could be the signal that will incite a rally or decline.
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Demandaccumulation
SPX 500 - BOTTOM REACHEDOANDA:SPX500USD
With the economy reaching PEAK FEAR, very likely we have reached the bottom...
But I wouldn't base it on pure fundamentals... Here we see clear Institutional Demand Levels.
We have just encountered a substantial demand zone increasing the possibility that we have reached a bottom in the market. We can start to see and trace this evidence in the markets as shown on several different stocks as well.
Check my profile for all different potential stocks that can be affected by an increasing S&P 500.