Eur / Usd moved to the support zone, it looks like a bull pattern is forming

Over the past weeks, we remained optimistic for the main FX currency pair, as despite the overall strength of the US dollar, sellers were unable to push the pair below the nearest support of 1.1666. The main uptrend is still in force.

The price returned to the level of 1.660 key support level last week and rebounded from this level on Friday, forming a bullish tail bar, and also creating a false breakout of 1,1715. We believe that a kind of bullish uptrend pattern is being formed. While the price is higher than 1.1660, it's worth to look closely at the opening of long positions with a target of 1.19.

Trading recommendations - buy above 1.16

Gold - rose higher after the recent strong fall, is it a reversal?

Despite recent massive sales and breakthrough support levels, gold seems to have groped some support last week near current levels in the area of ​​1260.00. This week we will observe how events will develop around the level of 1276.00. We need to wait for the market to consolidate above this level before talking about opening long positions. The opening of shorts seems dangerous to us in the current unstable geopolitical background and oversold market.

Trading recommendation - go long once fixed above 1275

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