The market closes the week with mixed asset movements. The euro remains under pressure, the dollar maintains its stability, and bitcoin is correcting after its recent rise. Oil prices remain volatile, while gold holds its position within an upward trend. In the upcoming week, key market drivers will include macroeconomic data, inflation reports, and statements from financial regulators.
EUR/USD
The EUR/USD pair ends the week with an increase near 1.0473. The pair continues to move within a correction and a descending channel, with moving averages confirming a bearish trend. In the coming days, a test of the 1.0085 support level is likely, followed by a potential rebound and an attempt to resume growth toward 1.0795. An additional signal in favor of an upward move will be a test of the support line on the RSI and a bounce from the lower boundary of the descending channel. However, a breakout below 0.9875 may trigger further declines toward 0.9585.
BTC/USD
Bitcoin ends the week at 98,224, remaining within an upward trend. Despite the overall bullish sentiment, a short-term correction to 94,505 is possible, after which a new rise toward 130,605 may occur. A test of the support line on the RSI and holding the lower boundary of the “Triangle” pattern support the bullish scenario. However, a breakout below 81,505 would invalidate this outlook, potentially leading to a decline toward 75,455.
Brent
Brent crude oil prices remain around $75.69 per barrel, still under selling pressure. In the coming days, a test of the $72.85 support level is expected, followed by a potential rebound and growth toward $83.75. A test of the trend line on the RSI would further confirm an upward move. However, a breakout below $68.45 could strengthen the bearish momentum, pushing prices lower toward $60.55.
XAU/USD (Gold)
Gold ends the week at $2,927, continuing its upward trend. In the coming days, a test of the $2,945 resistance level is possible, followed by a potential pullback and decline toward $2,735. A test of the trend line on the RSI would support this correction scenario. However, if gold breaks above $3,025, this would confirm a further rise toward $3,145.
Conclusion
High market volatility is expected in the upcoming week. The euro remains under pressure, though some recovery may occur. Bitcoin maintains its long-term uptrend, though the correction is not yet over. Oil remains in a downtrend but may experience a rebound. Gold is stable, but a pullback is possible if the dollar strengthens.
Stay tuned for market updates and manage your risks wisely.
