There would be no important economic data publication in Europe and USA until Thursday. That is why the EURUSD pair moves in a short range. However, Technical analysis gives us some ideas considering pair forecasts.
As you can see on the Daily chart, the EURUSD pair made a big long-tailed doji candle on Tuesday. If the price closes today above 1.1510, a bullish reversal would be confirmed. The euro is rising above EMA50 and EMA100, it is also a bullish signal and potential for reversal. Nevertheless, there is still might be some risks because of Italian bond yields. We are ready to buy the EURUSD if it closes above 1.1510 today.
The Bitcoin continues moving in a short range close to $6500 level. The volumes are low still while International Monetary Fund are concerned about cybersecurity risks regarding its last report. Yesterday, Bitcoin fell for $50 to $6566. The coin was losing same amount on today’s Asian session.
While the bulls can’t break the upper line of the triangle, sellers are closer now to test $6400 support level. There is still some supports from SMA100 and SMA50 on the 4hours chart, but this may not be enough to keep price above $6400 level. We recommend opening long positions from $6450 after rebound from support level.
Our targets for,
EURUSD – is buying if it closes above 1.1510 today
BTCUSD – is buying at $6450 after rebound from $6400 support level.