The Pound enjoys a break after plummeting for four consecutive days, but bulls remain wary ahead of clearer Brexit clues.
The dollar is under selling pressure, with the USD/JPY pair posting the most notable decline and breaking below 109.00 on Wall Street sudden u-turn.
Diverse technical situations are showing today in the main Cryptocurrencies. While Bitcoin is trading above the last resistance (now turned support) and has room to keep going, Ethereum has met the ceiling of a broad bearish channel which, surprisingly, has only been able to hold its progression for a few hours.
Ethereum Classic price analysis: ETC/USD consolidating above $20 ahead of Emerald Ethereum Classic wallet release on April 30
Ethereum Classic price is seeking higher consolidations above $21 on Tuesday. ETC/USD has been correcting higher in the past few days even breaking above the resistance level at $20.
Monero price analysis: XMR/USD the big $300 test is most certainly on now for the bulls, as the price reaches defining trend moment
The Monero price is seen up over 4% on Tuesday, as it closes in on the big $300 level, which has not been seen since 8th March, where the price had entered a bearish trend, after hitting a trend line acting as resistance.
DASH price analysis: DASH/USD trading between moving average support and resistance; 61.8% Fibo is a major hurdle
DASH price continued with the bullish momentum that was started around $300, breaking above key resistance levels at $450, $500 and the recent $530. DASH/USD is recording a double-digit increase of 11.35% in the last 24 hours on Tuesday.
The US Treasury yields pushed higher towards 3.0% level on Monday supporting the US Dollar, but the move got exhausted on Tuesday with yields stabilizing at around 2.96%.
The headline German IFO business climate indicator retreated lower in April falling below market expectations.
The US house prices tracked by the S&P-Case/Shiller index rose more than expected 6.8% on a year to February, while the more relevant Consumer Confidence gauged by the Conference Board ticked higher to 128.7 in April. In addition, US New Home Sales expanded 4.0% inter-month in March, or up by 694K units.Read Full Report
EUR/USD at risk of falling to 1.2100
Another week ends with the EUR/USD pair unable to abandon its comfort zone around the 1.2300 figure. Indeed, intraday trading was a bit more entertained, and some nervous back and forth suggest that it won't be long until a decision is made.
The GBP/USD remains under immense pressure as the US Dollar storms the board. The Technical Confluences Indicator shows a dense cluster of support around $1.3915. This is the convergence of many significant technical levels: the Fibonacci 61.8% one-month, the Bolinger Band one-day Lower (Stdv. 2.2), the BB 1h-Lower, the one-day high, and more.
Below this line, the pair only has just a few support lines which are few and far between. The PP one-week S1 at $1.3871, the SMA100-1d at $1.3842, and several others, but no line is really strong.
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