Trading Insights you can not miss today by FXStreet
EUR/USD is trading above 1.10, recapturing the level as the dollar retreats. After a three-day rally, stocks are cooling but the safe-haven dollar is still under pressure. Coronavirus headlines are eyed.
Boosted by the upbeat market mood, the NZD/USD pair started the day on a strong footing on Wednesday and touched its highest level in five days at 0.5911. However, the pair struggled to preserve its bullish momentum in the second half of the day and erased its daily gains.
The sense of extreme fear is divergent with the levels of the mathematical averages. Bitcoin dominance ratio moves at a structural pivot level and can lead to a trend change. XRP is the winner of the day, but far away from fleeing out of the bearish scenario.