If, in the coming hours, the euro consolidates above 1.1530—where the 21 SMA is located—it could present an opportunity for a technical rebound and could be viewed as a bullish signal.
Given that the British pound is under downward pressure, we could expect it to continue falling in the coming days until it reaches the lower band of the downtrend channel at 1.3105. GBP/USD could even reach the 3/8 Murray line around 1.3061.
Given that the outlook for the instrument remains bearish, any pullback in the coming days—and as long as the price trades below the 3/8 Murray line—will be seen as a signal to continue selling ...
Given that Bitcoin is trading below the 21 SMA and within the downtrend channel, it is expected to find strong support around the psychological level of $65,000.
Recent statements by Donald Trump about the war in Iran increasingly evoke Orwellian "doublethink." Market participants find it ever harder to locate logical continuity in those statements
The US dollar has once again proved resilient, recovering above 100.00 after hopes for a quick peace were shattered by Trump's hardline rhetoric and continuing hostilities.
