Bitcoin: $8000 before end of the week?
|EUR/GBP
Strong upside risks.
-
EUR/GBP's bullish pressures are string. The pair is heading towards resistance at 0.9046 (05/09/2017 high). Hourly support is given at a distance at 0.8733 (01/11/2017 low). Expected to show positive momentum.
-
In the long-term, the pair has largely recovered from recent lows in 2015. The technical structure suggests a growing upside momentum. The pair is trading above from its 200 DMA. Strong resistance can be found at 0.9500 (psychological level).
Stay on top of the markets with Swissquote’s News & Analysis
EUR/CHF
Stalling below resistance at 1.17.
-
EUR/CHF has broken uptrend channel. Support is given at 1.1610 (27/10/2017 low). Expected further consolidation.
-
In the longer term, the technical structure has reversed. Strong resistance is given at 1.20 (level before the unpeg). Yet, the ECB's QE programme is likely to cause persistent selling pressures on the euro, which should weigh on EUR/CHF. Supports can be found at 1.0184 (28/01/2015 low) and 1.0082 (27/01/2015 low).
BITCOIN (in USD)
$8000 before end of the week?
-
Bitcoin is back to recent its highest levels after a profit-taking period. The technical structure shows a tremendous positive short-term momentum. Hourly support is located at 5605 (13/11/2017 low). Strong support stands very far at 2975 (22/08/2017 low). In the short-term, the digital currency should continue rising.
-
In the long-term, the digital currency has had an exponential growth. There are decent likelihood that the asset will reach $10'000.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.