The GBP/USD pair traded as low as 1.3390, bouncing from the low but still in the red for the day, with Pound buyers nowhere to be found.
With US Treasury yields struggling for direction, equities lead the way for the pair. Wall Street retreats from highs, but holds in the green.
Bitcoin cash price analysis: BCH/USD slashing off the gains, will the buyers find a support above $1,200?
Bitcoin Cash price is correcting lower on Monday despite having recovered from last Friday slump that saw it trade below $1,150. The price traded lock-step over the weekend with the upside movement limited below $1,215 prior to a brief upside breakout.
Monero price analysis: XMR/USD testing key support as Coincheck cryptocurrency exchange abolishes XMR and three other coins
Monero price is down 2.31% on the day while news in the market today is that Coincheck has removed support for the cryptocurrency. XMR/USD corrected higher during the weekend session but it failed to break past last Friday’s intraday high at $207.
EOS price analysis: EOS/USD recovery delayed as mainnet launch countdown continues; eosDAC listed on South Korea’s Bithumb
EOS price broke above the resistance at $14.00 during the session on Sunday 20, although the crypto is currently correcting lower on the day. EOS/USD is trading at $13.87 while the 61.8% Fibo supporting the price at $13.80.
Ethereum price analysis: ETH/USD supported above 38.2% Fibo; Steve Wozniak, Apple Inc. (AAPL) co-founder shares his interest in Ethereum platform
Ethereum price is supported above $700, but at the moment, it is facing resistance from the descending trend line of the falling wedge pattern close to $710.
The US-China trade talks continue with China refusing $200 billion trade compensation demanded, saying the trade talks are moving in positive direction.
The US Treasury Secretary Steven Mnuchin declared the US trade war with China "on hold" after the agreement was reached to drop their tariff threats that had roiled global markets at the beginning of this year.
European markets in Germany, France, Italy and Spain are off in observance of Whit Monday.
Lower liquidity is expected to see the FX market moves range bound and less extended.
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Short-term bearish sentiment intensifies around the EUR/USD pair, but closer to a bottom
After the pause of the previous week, the dollar came back with a vengeance, reaching fresh yearly highs against the EUR, and multi-month ones against other rivals. The EUR/USD bottomed mid-week at 1.1763 with the greenback's rally fueled by soaring Treasury yields, which reached multi-year highs.
The USD/JPY continued its upward march and flirted with 111.00 as indicators on both sides of the Pacific supported the move. What's next?
The Technical Confluences Indicator shows that a potential correction may find strong support around 110.73. This is a confluence of potent lines: the Fibonacci 23.6% one-day, the Pivot Point one-month Resistance 1, the Pivot Point one-week Resistance 2, and the Simple Moving Average 100-15m await the pair.
Further down, the next considerable cluster of support is around 110.10. This is the meeting point of the one-month high, the one-day high, the Pivot Point one-week Resistance 1, and the Simple moving Average 5-1d.
On the upside, there is a congestion of not-so-strong resistance levels around 111.02: the Bolinger Band 15m-Upper, the Bolinger Band 1h-Upper, and the 4h-High.
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