EUR/USD has turned up from the 50-day MA at 1.1715 yesterday. This is a sign that buyers are strong. Still, the short-term resistance line limits the upside at 1.1870.
BTC/USD: a top?
SELL 9,765; TP 8,600; SL 10,150
It seems that BTC/USD formed a “double top” after it had met resistance at the 61.8% of the 2017-2018 decline in the 13,500 area. On Tuesday, bitcoin closed below 38.2% Fibo of the 2018-2019 advance and the 50-day MA at 9,898. In July the cryptocurrency formed a lower high than it did in June. The price is certainly very volatile and can make bigger near-term swings, but the odds are now that it may test the 50% Fibo level at 8,517. Resistance is at 9,898 and 10,300.
USD/JPY is declining for the fifth day in a row. When the pair fell below 105.00, it entered a new, lower range.
The resistance line is limiting USD/JPY on the upside and, unless the pair tries for a breakout (which anyway will meet resistance at 106.50 and 106.80), the easiest path for it will be to go down.
Gold is steadily plummeting for the third consecutive day. Where is the bottom? Let’s find out.
UK's Raab supports that virus restrictions are serious, proportionate
The dollar index was up late Tuesday afternoon in Asia, extending the 0.8% gain in the previous session, when COVID-19 fears and worries over the US Congress’ stimulus impasse drove a selloff across other assets.