
Investor confidence in the global financial system has been shaken by the collapse of Silicon Valley Bank and Credit Suisse. As a result, many are turning to bearer assets, such as gold and bitcoin, to store value outside of the system without...
2019-11-11 • Updated
Technical levels: support – 112.40; resistance – 113.00, 113.35.
Trade recommendations:
1. Buy — 112.40/50; SL — 112.20; TP1 — 113.00; TP2 — 113.350.
Reason: expanding bearish Ichimoku Cloud; a dead cross of Tenkan-sen and Kijun-sen; the prices are on the support of 112.40; the market is oversold.
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