EUR/USD
4 hour
The EUR/USD dropped significantly during this week’s opening after negotiations failed between Greece and its creditors over the weekend.
1 hour
The bearish momentum could bring price to lower levels as part of an ABC (green).
GBP/USD
4 hour
Any price movement that goes below 1.56 would invalidate the current wave 4 (magenta) count.
1 hour
Whether the wave 4 (magenta) has been completed depends on whether it can break above resistance.
USD/JPY
4 hour
The USD/JPY’s bearish price action failed to break the support levels and remains in the wedge.
1 hour
The USD/JPY could extend the bearish momentum with an ABC if it manages to break below support.
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EUR/USD consolidates recovery below 1.0700 amid upbeat mood
EUR/USD is consolidating its recovery but remains below 1.0700 in early Europe on Thursday. The US Dollar holds its corrective decline amid a stabilizing market mood, despite looming Middle East geopolitical risks. Speeches from ECB and Fed officials remain on tap.
GBP/USD advances toward 1.2500 on weaker US Dollar
GBP/USD is extending recovery gains toward 1.2500 in the European morning on Thursday. The pair stays supported by a sustained US Dollar weakness alongside the US Treasury bond yields. Risk appetite also underpins the higher-yielding currency pair. ahead of mid-tier US data and Fedspeak.
Gold appears a ‘buy-the-dips’ trade on simmering Israel-Iran tensions
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Manta Network price is defending support at $1.80 as multiple technical indicators flash bearish. 21.67 million MANTA tokens worth $44 million are due to flood markets in a cliff unlock on Thursday.
Have we seen the extent of the Fed rate repricing?
Markets have been mostly consolidating recent moves into Thursday. We’ve seen some profit taking on Dollar longs and renewed demand for US equities into the dip. Whether or not this holds up is a completely different story.