EURUSD with a major buy signal. Bitcoin, on the other hand, is doing quite the opposite

Tomasz Wiśniewski

Bitcoin is suffering another bearish correction. Been there, done that. So far, in the past three days, the price declined over 3000 USD. As for the potential targets for the current downswing, the 14k support seems reasonable.

Dax performed really good in the few previous days. We defended the 12900 support and broke the 13190 resistance. Currently, e are testing the last one as the closest support. If the buyers think about the new long-term highs before Christmas, they need to defend this support today.

The last one is the EURUSD, which made a nice upswing yesterday, triggering the mid-term buy signal. The price broke the upper line of the flag, 1.1810 horizontal resistance and the neckline of the iH&S formation. All that is giving us a strong positive sentiment towards the European currency.

This article is written by Tomasz Wisniewski, a senior analyst at Alpari Research & Analysis

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