The EUR/USD is trading above 1.1500 as the USD resumes its slide. Trump's criticism of the Fed for its higher rates on Monday still weighs. A recovery attempt did not go very far.
Headers indicating that EU leaders are concerned about not achieving a Brexit deal before October Summit hit the Pound. GBP/USD pulls back from highs, holds above 1.2800.
The USD/JPY pair keeps recovering from 109.77 following US Treasury yields, as firmer equities worldwide keep risk-aversion in check. USD/JPY trimmed Asian losses.
Despite the apparent parallelism of the ETH/USD and the BTC/USD a preliminary analysis already reveals some disturbing differences, probably due to the real reason behind the renewed optimism in the sector: the negotiable funds on Bitcoin.
NEO price analysis: Bears poke the bulls at the back as the trend turns bearish below the broken trendline support
For almost a week, NEO price was trading above the trendline support as seen on the chart. However, the bears poking the bulls managed to find an entry at the opening of the session on Monday.
Top 3 Bitcoin, Ethereum and Ripple Price Predictions: 3 scenarios for the ProShares ETF decision on August 23rd
We have already learned that cryptocurrency prices depend primarily on one thing: will there or won't there be a Bitcoin ETF? An Exchange Traded Fund facilitates the entrance of mainstream money into cryptocurrencies and that is why prices rise with higher chances of an approval and fall on a rejection or a delay of a decision by the SEC.
IOTA has maintained an uptrend since the recent overarching declines in the month of August. IOTA buyers suffered under heavy selling pressure led by Bitcoin (BTC), which plunged from trading above $7,000 to below $6,000.
EUR/USD poised to remain under pressure, 1.1000 now at sight
The common currency trimmed its weekly losses against the greenback, but remained depressed for a fourth consecutive week, bouncing from a fresh yearly low of 1.1300. Dollar's decline seems a due correction as longs are overcrowded, but absent EUR demand kept the upside in check. Fear and uncertainty were again the main market motors, despite some positive headlines that should have averted it.
The Technical Confluences Indicator shows that the pair has strong support at 1.1490 where we see the convergence of the Pivot Point one-week Resistance 1, the four-hour low, and the one-day high.
If the pair loses this level, the next cushion is at 1.1454 where we see the confluence of the Simple Moving Average 10-4h, the SMA 10-one-day, and the potent Fibonacci 38.2% one-day.
On the topside, the pair has resistance at around 1.1545 where we see the congestion of the Pivot Point one-week R2, the one-hour high, the four-hour high, the PP one-day R2, and the Bolinger Band 15m-Upper. This could limit any upside.
In case the pair does break higher, 1.1581 is the confluence of the PP one-month Support 1 and the SMA 200-4h
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