Apple Bulls are Waiting to Strike; Oil Price is Going Up |

The price of the currency pair EUR/USD touched the first and very important support at the level of 1.0635 and dived below this level at the end of Friday. Let’s observe what might happen at the beginning of the next trading week. The currency pair may potentially break this level and test the lower and stronger supporting zone formed between levels 1.0500 and 1.0530. Should the asset’s price rebound, it might rise and face resistance at the level of 1.0900.

Apple stocks broke the downtrend and jumped. However, they are currently rebounding and targeting the broken range. The middle point of the 50% Fibonacci retracement level from the latest ascending move is at the crossing point of the broken trendline. Hence, Apple stocks might potentially rebound from the supporting levels of 161 and 163 and jump.

You can also spot the broken range from the charts of the earlier timeframes (week/month). This range resembles a flag, which is the pattern that signifies the continuation of the current price movement.

As the cold season approaches, the price of energy commodities is rising. Currently, the price of oil is heading up and entering the supporting zone formed between levels 87 and 89. Should the oil undergo a correction, it could rebound at the crossing point of the above mentioned trendlines and jump. Only time will tell whether it is going to happen.

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