Has the bullish trend been broken? Or not?

Bullish traders have lost the initiative in the market but will try to regain it.

The Eagle indicator is showing a negative signal, so if a pullback occurs toward the top of the downtrend channel around $71,500, it could be seen as a signal to open short positions with targets at $68,500, and BTC is even expected to reach the 2/8 Murray level around $62,500.

If gold continues to show bearish signs, it could find strong support around $4,500 or even around the $4,495 level, which coincides with the lower band of the downtrend channel. Once this level is breached, gold has strong support around the 6/8 Murray level at $4,375.

The Eagle indicator has reached oversold levels and is already showing a positive signal. So, if the price rebounds around $92—the lower band of the uptrend channel—it could be seen as a signal to open long positions.

If the euro rebounds around the 61.8% Fibonacci retracement level, we could look for buying opportunities with targets at the 200 EMA around 1.1655 and finally, at the 161.8% Fibonacci level around 1.1672.

Geopolitical tension around Iran has pushed oil higher and driven outflows from Asian currencies, while the dollar has eased amid mixed central bank signals

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

Selling pressure from market players eases

The Bank of Japan helped USD/JPY bears.