Analysis for oil, gold, and EUR/USD for 03.06.2020

EUR/USD broke out Target Zone 2 [1.1109 – 1.1091] yesterday. The next target in the middle-term uptrend is Target Zone 3 [1.1291 — 1.1273]

USCrude – oil 

The price has broken out Target Zone 4 [34.17 – 33.42] at the Asian session today. The next upside target for the next week or two is Target Zone 5 [41.67 – 40.92].

The key support of the medium-term uptrend is now in the zone of [28.38 – 27.48]. To enter new purchases, I recommend expecting the price correction down to the support zone and looking for a buy pattern.

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