Bitcoin aims for new all time highs. EURUSD waits with trading signal for the ECB
Bitcoin breaks the 5770 USD and triggers the buy signal which should aim all-time highs. That movement was expected as we were inside of the wedge pattern (bullish) and the price bounced from the long-term up trendline connecting higher lows since the middle of September.
USDCAD uses buy signal from both: technical and fundamental analysis. Here we have a positive combination from the dovish BoC and the denial of the H&S pattern along with the breakout of the 1.259 resistance. Most recently we broke the 1.277 resistance which now should be used as the closest support.
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EURUSD is getting ready before the ECB. The price just tested the upper line of the flag and the horizontal resistance on the 1.183. We are waiting here for either a breakout of the upper line of the flag or a bearish breakout of the neckline. One of those should give us a strong mid-term trading signal.
This article is written by Tomasz Wisniewski, a senior analyst at Alpari Research & Analysis