Silver Price Rebounds, EUR/USD is on the Rise
The price of silver is slowly rebounding back to the downtrend. The asset’s price might potentially rebound again at the crossing point of the downtrend and resistance level of 25.00 and drop. Hence, you could follow the price movements and candlestick formations next to the abovementioned levels. Let’s observe what might happen next.
The currency pair EUR/USD gained the required support at the level of 1.0635 and rebounded to head north. The asset’s price may break a very steep downtrend, which has formed on the daily chart. If the asset touches the downtrend, it would be important to follow the price movements. The asset might potentially hit the level of 1.1000. Only time will tell whether it is likely to happen.
Bitcoin bulls have seized the initiative, enabling the growth of the asset price to the psychological resistance level of 29000 and rebound back down. Actually, some sort of price range is about to form soon.
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