Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
EUR/GBP stays near a key support zone
2019-11-11 • Updated
EUR/GBP plummeted across the board during April 26th journey, as the sellers have been actively pushing the pair to the downside and below the 200 SMA at H1 chart. However, bears are being capped by the Fibonacci level of 65% at 0.8679. If a rebound happens around such area, we can expect further gains toward the Fibonacci target of -23.6% at 0.8830. A breakout below 0.8679 should expose the 0.8656 zone.
RSI indicator remains in the oversold territory, calling for a rebound.
The US dollar index has all chances of reaching the 2000s high of 120.00.
The Consumer Price Index announcement by Statistics Canada is set for release in a few hours will reveal the state of inflation in the Canadian economy
After bouncing off the previous Major trendline last month, Bitcoin seems to be retesting the support area again in hopes of catching a bullish momentum.