Market Technical Analysis by RoboForex

[RBFX Support]

EURUSD remains under pressure and may decline towards 1.1060

Weak eurozone data and the Fed’s hawkish stance continue to weigh on EURUSD. The main scenario provides for a break of support at 1.1410 and a further decline in the pair towards 1.1060.

Technical outlook

On the daily timeframe, EURUSD quotes are trading in a descending channel and are approaching the key support at 1.1410. The MACD indicator is in negative territory, which is increasing pressure on the pair. 

Technical analysis of EURUSD points to the continuation of the downward trend and a possible further fall in the EURUSD rate.

Read more - EURUSD Forecast

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

[RBFX Support]

Bitcoin at great risk if the Middle East does not calm down

The BTC price is falling towards 64,100 USD, with investors concerned about geopolitical uncertainty.

Technical outlook

On the hourly chart, BTCUSD continues to trade sideways after recovering from the local low around 62,200. In recent days, buyers managed to push quotes back above 64,000, but an attempt to consolidate above 64,500 ended in a correction.

The BTC price has fallen and then paused.

Read more - BTCUSD Forecast

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team