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EUR/USD ends the day with losses in the 1.1070 area
The shared currency suffered once again from dismal local data, with EU inflation falling into negative ground in July. Dollar up amid a better market mood, but recovery fragile.
GBP/USD: On the back foot around 1.2130 amid Brexit pessimism
GBP/USD clings to 10-day EMA after fresh signs of no-deal Brexit. The UK PM writes a letter to the EU showing alternative arrangements to Irish backstop ahead of Germany/France visit.
FXSTREET COURSES
BTC/USD price action is nearing a large potential breakout
Bitcoin price in the session on Monday is trading with gains of some 3.50%. BTC/USD price action is narrowing within a triangular structure, subject to a breakout. Key resistance can be observed running from $11,000-11,500, via the daily. There is a chunky barrier which is seen from $11,000-11,500 range. Price action is narrowing within a pennant structure, subject to a breakout north.
BCH/USD bulls retest of the breached flag could be punishing
Bitcoin Cash price in the late part of Monday is trading in the green, up some 1.20%. BCH/USD price action is retesting a breached flag pattern formation seen via the daily.
XRP/USD bulls failed to reclaim big $0.3000 mark
Ripple's XRP price in the session on Monday is trading with losses of some 1.50%. XRP/USD bulls attempted to reclaim the $0.3000 mark, however, ran into supply.