Indices and Euro Start the New Month With a Small Bullish Correction

Global Markets Technical Analysis

SP500 finished last week just above the edge. So far, Monday’s starting with a small rise but we are far from the safe zone.

EURUSD climbs higher on the first session in May. The price is currently bouncing of a crucial long-term horizontal support around 1.05.

EURGBP bounced off a neckline of a big Head and Shoulders pattern.

USDJPY continues the upswing after a bounce of the 129.4 support.

Over the last week, Brent Oil tested the lower and the upper line of the symmetric triangle. The breakout from this pattern shows us the direction it will take for the next few days and weeks.

Traders Edge: Market Briefing Video for 02.05.22

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