The euro’s on a relentless decline toward 1.22. The euro found support at around 1.2313 yesterday, but the recovery toward 1.24 was proved to be an opportunity to close the existing long positions, or to open new short positions. Currently, it’s trading at the day low near 1.2250. The U.S….
Day: February 7, 2018
Will the Euro Fall below the Near-Term Support at the 1.2320 level Today?
The euro’s attempt to rebound from 1.2313 was an exercise in futility. The euro found support at around 1.2313 yesterday, but the recovery stalled at 1.24. Currently, it’s back at around 1.2320 to retest the support level. The U.S. dollar’s support came from the rumors in the market that there might…
Bitcoin Rises after the Good News from the Senate Banking Committee Hearing
Bitcoin rose above $8,000 after falling below $6000 yesterday. The Senate Banking Committee hearing on Tuesday regarding the virtual currencies delivered a much needed positive message to the market – greater consumer protection and no outright ban on the cryptocurrency trading. Bitcoin enjoyed a $2,000+ gain on the news. Yesterday,…