EUR/USD: 1.1300 is the “Line in the Sand” This Week
AUD/USD unfazed by mixed Chinese data, around 0.7225
The Aussie dollar is currently trading near 0.7225, having hit a high of 0.7238 earlier today. Notably, the pair is having a tough time scaling the 100-hour SMA lined up at 0.7232, as mixed Chinese data dump does little to lift the sentiment around the AUD.
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Crypto market overview: Bitcoin stuck under $6,300; NEM and XRP are the only green spots in the sea of red
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Ripple's XRP Price Analysis: XRP/USD drop update; stops triggered to the downside
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Bitcoin Cash Technical Analysis: BCH/USD breakout and retest, enough incentive for the bulls to run
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The EUR/USD attempted a recovery but found itself on the back foot once again
The EUR/USD hit a new high of 1.1500 but was unable to hold onto it. The failure resulted in a gradual drop to the bottom of the range. The US Mid-Term elections yielded a divided government: Democrats won the House and Republicans retained the Senate, a result that had been forecast by the polls.
GBP/USD tumbled down at the wake of the new week but recovered some of its losses. It was all about Brexit that remains in the spotlight, but also about the British jobs report. What levels should we watch?
The Technical Confluences Indicator shows that cable has some support around 1.2875 which is the convergence of the Bollinger Band 15m-Middle, the Fibonacci 38.2% one-day, the previous hour's low, the Simple Moving Average 5-15m, and the SMA 10-15m.
Below, substantial support awaits at 1.2832 where we see the Fibonacci 23.6% one-month, the Bollinger Band 1h-Lower, and yesterday's low.
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