The EUR/USD pair declined by 30 basis points during Wednesday, while price movement once again remained very subdued.

Bullish traders are maintaining their winning positions.

Bullish traders have paused, as they are uncertain about peace in the Middle East.

Our outlook for the coming hours is to buy above $97 or sell below $102.11, waiting for a bullish scenario to develop before opening short positions, as the market is technically overbought.

According to the H4 chart, gold has reached oversold levels, so we could expect a technical rebound in the coming hours if the price consolidates above $4,550 or if it reaches the next support level around $4,500.

If Bitcoin consolidates below the 21 SMA at $77,363 in the coming hours, this could be seen as a signal to open short positions with targets at the 4/8 Murray line around $75,000.

According to the technical chart, the Japanese candlesticks indicate a consolidation of ETH and a possible technical reversal in the coming days.

The consumer price index in Australia rose by 1.1% in March, pushing the annual CPI rate to 4.6%. This result is slightly below the 4.8% forecast but represents the highest reading in the short history of the monthly inflation series.

Czech central bank has focused on digital assets

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