Oil is Coming Back to Life

<p>Good day!</p>
<p>The currency pair EUR/USD approached the resistance zone formed between the levels 1.1100 and 1.1147. The asset might potentially drop away from this very important zone:</p>
<p><img class="alignnone size-full wp-image-44475" src="http://blog.tickmill.com/wp-content/uploads/2020/06/image-1.png" alt="" width="1094" height="508" srcset="https://blog.tickmill.com/wp-content/uploads/2020/06/image-1.png 1094w, https://blog.tickmill.com/wp-content/uploads/2020/06/image-1-300×139.png 300w, https://blog.tickmill.com/wp-content/uploads/2020/06/image-1-1024×475.png 1024w, https://blog.tickmill.com/wp-content/uploads/2020/06/image-1-768×357.png 768w" sizes="(max-width: 1094px) 100vw, 1094px" /></p>
<p>The British pound remains next to the downtrend. The asset might drop as the downtrend is not broken up just yet. At this point, It would be wise to pay attention to the candlestick formations. Although the asset might also break the downtrend and target the level of 1.2600 anytime soon:</p>
<p><img class="alignnone size-full wp-image-44476" src="http://blog.tickmill.com/wp-content/uploads/2020/06/image-2.png" alt="" width="1094" height="508" srcset="https://blog.tickmill.com/wp-content/uploads/2020/06/image-2.png 1094w, https://blog.tickmill.com/wp-content/uploads/2020/06/image-2-300×139.png 300w, https://blog.tickmill.com/wp-content/uploads/2020/06/image-2-1024×475.png 1024w, https://blog.tickmill.com/wp-content/uploads/2020/06/image-2-768×357.png 768w" sizes="(max-width: 1094px) 100vw, 1094px" /></p>
<p>Oil keeps getting stronger with every passing day against country-wide weakening of quarantine measures and resuming car and air traffic. Brent prices keep going up against the formation of reversal figure and breakout of the neckline. Considering the size of this figure, oil might target the level of 50.00 soon:</p>
<p><img class="alignnone size-full wp-image-44477" src="http://blog.tickmill.com/wp-content/uploads/2020/06/image-3.png" alt="" width="1094" height="508" srcset="https://blog.tickmill.com/wp-content/uploads/2020/06/image-3.png 1094w, https://blog.tickmill.com/wp-content/uploads/2020/06/image-3-300×139.png 300w, https://blog.tickmill.com/wp-content/uploads/2020/06/image-3-1024×475.png 1024w, https://blog.tickmill.com/wp-content/uploads/2020/06/image-3-768×357.png 768w" sizes="(max-width: 1094px) 100vw, 1094px" /></p>
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