The Crypto market usually also has a rough time in September. Bitcoin lost 12.7% in September 2021, 17.4% in 2020, 17.5% in 2018, 21.4% in 2017 and 45.4% in 2015. The main cryptocurrency increased by 13.3% and 3.95% in 2016 and 2019, respectively.
EUR/USD inside an offer zone
2019-11-11 • Updated
EUR/USD gained momentum during Wednesday’s session, following the Federal Reserve’s decision to hike rates for third time in 2017. That helped to the pair to test an offer area between the 50% and 65% Fibonacci zone. That’s why we’re expecting a decline to take place at the current stage in order to reach the next target to the upside in the -23.6% level at 1.1664.
RSI indicator remains in favor of the positive territory.
US100 broke through the strong resistance trendline, following July's inflation numbers on Wednesday, which were less than analysts expected…
Powell wants a soft landing for inflation, as Greenspan did in 1994. But it looks like he will get a hard landing.
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The US dollar index has all chances of reaching the 2000s high of 120.00.
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