EUR/USD struggles below 1.1400 after breaking long-term support The dollar ended last week in the green, although it fell for the last two daily trading sessions of the period. Despite the setback at the end of the week, the US Dollar Index (DXY) is the highest it’s been since May of 2025. As geopolitical tensions […]
Triple-bottom setup and RSI divergence offer hope for the bulls Bitcoin (BTC) fell below the $60,000 threshold on Wednesday, reaching a low in the $58K region, and creating a near-perfect triple bottom on the Daily chart. The drop was not caused by a single catalyst but a combination of factors that are working together to […]
EUR/USD approaches major support with breakdown risk increasing The dollar strengthened throughout last week, mostly thanks to the hawkish tilt shown by the Fed and the anticipation of at least a rate cut by year’s end. The US Dollar Index (DXY) jumped to a 13-month high after new quarterly projections showed that 9 of the […]
Failed move above $65K signals lingering bearish pressure. The US and Iran signed a Memorandum of Understanding (MoU), bringing a temporary end to the Middle East conflict and setting the stage for further talks. The Strait of Hormuz will reopen after being closed for months, choking oil and liquefied natural gas supplies. The MoU will […]
EUR/USD remains bearish despite ECB rate hike and recent rebound The dollar gave back some of its gains last week after a mixed CPI reading and heightened optimism that the Middle East war is nearing its end. The euro was boosted by the European Central Bank’s (ECB) decision to hike the interest rate from 2.15% […]
Weekly RSI divergence hints at a broader recovery attempt. Bitcoin has recovered above the critical $60K level after falling as low as $59,100 during last week’s trading session. The US inflation numbers came out on Wednesday, with mixed implications for Bitcoin. The month-on-month Core CPI eased to 0.2% (previous: 0.4%; expected: 0.3%), which reduces the […]
EUR/USD trades below major moving averages after support break The US Dollar posted substantial gains after the release of the Non-Farm Payrolls (NFP) report on Friday; the NFP showed that 172K new jobs were created last month, more than double the forecast of 85K. A strong labor market, coupled with concerns of rising inflation due […]
Oversold RSI hints at relief rally, but trend remains bearish The selloff in cryptocurrencies worsened this week, with Bitcoin falling below the critical support at $65K and reaching a low of $61,300. The crash is happening as institutional investors are dumping spot Bitcoin ETFs and geopolitical risks are rising. Capital is moving out of cryptocurrencies […]
EUR/USD remains range-bound with 1.1700 acting as key resistance Market movements remain strongly correlated to the developments in the US – Iran war, with a potential ceasefire extension creating ripples of volatility. Both parties suggested that a draft agreement is being prepared, but friction points remain, and the rhetoric changes almost on a daily basis. […]
Bears gain control as BTC trades below major support zone After failing to break through $82,000 at the beginning of May, Bitcoin started a fresh selloff, which is still underway, despite Trump declaring the US the ‘crypto capital of the world’. The selloff was accelerated by massive spot Bitcoin ETF outflows, with BlackRock’s IBIT fund […]