EUR/USD created a bullish outside day on Friday – an early warning of a bullish reversal. A close above Friday's high of 1.1153 is needed to confirm the trend change. The bullish close may remain elusive if German IFO data prints below estimates amid escalating trade tensions.
With the risk aversion gaining major market attention, GBP/USD remains above near-term key support (previous resistance), while holding above 1.2250 ahead of Monday’s London open. Focus on Brexit/ trade headlines ahead of US data.
Bitcoin (BTC) has built up a strong upside momentum during early Asian hours on Monday. The first digital coin has recovered from $9,900 and hit $10,665 high in a matter of hours amid strong bullish sentiments and growing trading volumes.
The cryptocurrency market has a blend of both red and green signals. The largest cryptocurrency Bitcoin is back above $10,100 after recovering from Saturday’s dip below $10,000. While trading at $10,160, the bulls have eyes on $10,200 in the short-term.
A move above $195.80 is needed to mitigate the bearish pressure. The significant support is created by a confluence of technical indicators below $186.00.