EUR On Back Foot, Bitcoin Step Away From Major BUY.

Published 02/20/2018, 03:24 AM
EUR/USD
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EUR/NZD
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BTC/USD
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The calendar this week is empty so luckily we are focusing more on the technical analysis. EUR/USD is suffering losses after creating the false breakout pattern above the 1.2520 resistance. That sparked a bearish movement with a potential target on the mid-term up trendline.

EUR/NZD is very close for a major sell signal. All we need is the price closing on the new weekly lows. Short-term weakness of this pair (inability to break the resistance on the 1.6845) increases the chances for a major drop.


Bitcoin just made the correction equality pattern and is on a very important mid-term resistance. If sellers want to bring back the downtrend, that is the last call. Price closing a day above the 12k USD will be a major buy signal for this cryptocurrency.

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