EUR/USD Forecast: Nearing critical support, increased odds of losing 1.10
EUR/USD falls to three-week lows amid fresh USD strength
EUR/USD has resumed its falls and hit a new low under 1.11, the lowest since late December. The greenback continues enjoying last week's upbeat American figures. US markets are closed on Monday.
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GBP/USD is struggling as Britain veers away from the EU on trade
GBP/USD is trading around 1.30, on the back foot. The UK may break EU rules after Brexit, complicating the economic picture for UK industry. Last week's UK data continues weighing on sterling.
Cryptos in search of fresh funds after tripping lower
XRP tests the bullish scenario and clings strongly to the upside. ETH/BTC consolidates in the bullish zone and prepares its ascent to the skies. Bitcoin and Ether move away from the combat zone in search of new upward forces.
WTI trims initial gains, back near $59.00
Prices of the barrel of the West Texas Intermediate (WTI) are trading on a firmer tone at the beginning of the week, managing to clinch tops in the vicinity of the key $60.00 mark.
Bitcoin's price to follow the hash rate increase if the history is any guide
Bitcoin hit the highest level of 2020 at $9,184 on Sunday ant retreated to $8,638 by the time of writing. The first digital asset has lost 4.6% of its value in recent 24 hours.
Ripple may be ready for another bull's run as BitPay adds XRP support
Ripple's XRP, now the third-largest digital asset with the current market value of $10.1 billion has lost nearly 6% in recent 24 hours.
DASH/USD drops 30% from 2020 peak as bulls lose their mojo
Dash was among the biggest gainers in the January 2020 bull-run. From the December low around $38, the price spiked remarkably, breaking numerous barriers.
LTC bulls are not ready to regain initiative
Litecoin, the 7th largest digital coin with the current market value of $3.6 billion, lost over 6.5% in the recent 24 hours amid global correction on the cryptocurrency market.
SPECIAL YEARLY FORECAST
Markets' lean season has lasted two full years and while those are not yet over, flush times are looking more and more likely for this 2020. EUR/USD news: The beginning of the end of the trade war? Ever since hitting 1.2537 in January 2018, the EUR/USD pair has been on a selling spiral that set a multi-year low of 1.0878 just two months ago. The level can hardly be considered an interim bottom when just considering the following price’s recovery, but the focus this time shouldn’t be put on technical readings, but in politics.
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GBP/USD has been on the back foot after weak UK data and concerns about Brexit. Where next?
The Technical Confluences Indicator is showing that cable is struggling around the 1.2998 area, which is the convergence of the Bollinger Band 15min-Lower, the Simple Moving Average 5-15m, and the SMA 10-15m.
Looking down, significant support awaits at 1.2943, which is where the Pivot Point one-day Support 2, and the PP one-week S1 meet.
Looking up, robust resistance is at 1.3019, which is the confluence of the Fibonacci 38.2% one-week, the BB 1h-Middle, the previous daily low and the SMA 5-4h.
Higher, pound/dollar faces several hurdles, with the most important juncture waiting at 1.3056, which is where the BB 1h-Upper, the Fibonacci 38.2% one-day, and the Fibonacci 61.8% one-week all hit the price.
