And we are back above the 1.13 on the EUR/USD. Well the drop does not last too long. Do not get too optimistic though. The price is still in a bearish pattern and below the mid-term down trendline and the 38,2% Fibo. As long as we stay this way, the sell signal is still on.
Bitcoin is on our radar for quite some time. About the descending triangle on the daily chart we talk about for the past several weeks. We were bearish and we were waiting for the breakout of its lower line. Well, guess what happened, this ultimate support got eventually broken. What now? 3000 USD for one BTC, how do you like this price?
Buyers on the S&P 500do not give up. We have a legitimate attempt to save the up trend. The price is trying to create the right shoulder of the inverse head and shoulders pattern. To be successful here, we need to see the price closing above the neckline. Neckline is a horizontal line around 2820 points. As long as we stay below, sellers still have bigger chances for success.