EURUSD
4 hour EURUSD: the EURUSD could fall towards the Fibonacci targets of the waves 5.
60 min EURUSD: the EURUSD could now be in the impulsive wave 3 (blue) of wave 3 (blue), although the momentum during the break of the 1.11 bottom has been low when looking at the oscillator.
GBPUSD
4 hour GBPUSD: the 61.8% and 78.6% Fibonacci support levels are key decision spots whether price will complete a wave X (blue) or not.
60 min GBPUSD: so far the divergence between the bottoms (purple line) on the oscillator is increasing the chance that price is in a corrective wave X (blue).
USDJPY
4 hour USDJPY: the USDJPY challenged the key resistance levels (red lines) but has so far not managed to break above them.
60 min USDJPY: a failure to break confirms the development of a corrective wave WXY (blue) as part of an expanded wave E (magenta).
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AUD/USD extended further its bullish performance, advancing for the fourth session in a row on Thursday, although a sustainable breakout of the key 200-day SMA at 0.6526 still remain elusive.
EUR/USD faces a minor resistance near at 1.0750
EUR/USD quickly left behind Wednesday’s small downtick and resumed its uptrend north of 1.0700 the figure, always on the back of the persistent sell-off in the US Dollar ahead of key PCE data on Friday.
Gold holds around $2,330 after dismal US data
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Bitcoin price continues to get rejected from $65K resistance as SEC delays decision on spot BTC ETF options
Bitcoin (BTC) price has markets in disarray, provoking a broader market crash as it slumped to the $62,000 range on Thursday. Meanwhile, reverberations from spot BTC exchange-traded funds (ETFs) continue to influence the market.
US economy: slower growth with stronger inflation
The dollar strengthened, and stocks fell after statistical data from the US. The focus was on the preliminary estimate of GDP for the first quarter. Annualised quarterly growth came in at just 1.6%, down from the 2.5% and 3.4% previously forecast.