The euro fell, with fears of a strong outbreak of the Corona virus again within the union.
Technically, the EURJPY is approaching good potential selling areas, supported by the approaching completion of the bat harmonic pattern in an extended area from 129.10 to 128.60 as a stop loss with a target of up to 132.40, with the first target being 130.70
The EUR CAD pair has completed the formation of the positive Harmonic Butterfly pattern with a daily interval, as the correction of point D reached the maximum possible percentage of the BC leg at 261.8%
Accordingly, it is possible to enter into buying positions from the potential reversal zone (PRZ.2) from levels (1.4320: 1.4370) after the pair fell from the area...
EURUSD H4 Timeframe:
Following Wednesday’s losses, bearish forces pulled Thursday to within a stone’s throw of Quasimodo support at $1.1438—joined by a 1.618% Fibonacci expansion at $1.1441, a 1.618% Fibonacci projection at $1.1444 and a 100% Fibonacci projection from $1.1431
TSLA price suggests a continuation lower - assuming we do not defend $1,000 #support
The decision point at $853.24-879.51, coupled with support at $885.04 and a 50.00 retracement, therefore, could be an area buyers welcome
BTCUSD clocks ATHs on Tuesday at $68,568. This follows a late October recovery from supply-turned demand at $53,434-58,071
The 1.272% Fibonacci projection seen above at $70,442.
Daily timeframe
Picture-perfect retest of support from $4,384.43 in the shape of a hammer pattern. This was followed up with consecutive gains to refresh ATHs
Next on tap is a 100% Fibonacci projection at $4,983.9 (AB=CD #bearish formation)
The Fed starts reducing asset purchases for the first time since the pandemic, but it does not consider it any indication regarding monetary policy, as inflation is still temporary and will recede with time despite the positive growth expectations and thus the exclusion of raising interest rates. Downtrend before any rise
