The EUR/USD pair rose by just 10 basis points on Tuesday and, overall, continues its modest recovery.

Bullish traders have lost the initiative in the market

Bullish traders maintain growth prospects

The Sentix economic index for the euro area fell in March by 7.3 points to -3.1 points, reacting to the outbreak of war in Iran and erasing three months of gains after a protracted stagnation. In Germany, the index dropped 5.2 points to -12.1 points, clearly signaling the start of a new downturn; the global index fell 5.5 points.

Oil shock slams Wall Street: Dow futures lose nearly 2%. Expensive oil hits EUR: USD strengthens amid stagflation risks

If the price fails to break and consolidate above 25,000 points, we could expect a technical correction in the coming days towards the 200 EMA around 24,482 points.

If Bitcoin consolidates above the 200 EMA around $70,541, this could mean that the price could enter a new zone to challenge $75,000, which could be considered a signal to buy.

Risk appetite has risen amid oil stabilization and mixed statements from President Trump. But have traders rushed to optimistic conclusions?

Amid the continuing military conflict in the Middle East, crude oil prices have stabilized on the back of increased pipeline supplies from Saudi Arabia and promises from Donald Trump.

Technical analysis of EUR/USD, USD/JPY, GBP/USD, SP500, Gold, Oil and Bitcoin