Market Technical Analysis by RoboForex

[RBFX Support]

EURUSD holds steady ahead of Nonfarm Payrolls

The EURUSD pair is stabilising after its decline, remaining within a narrow range ahead of key US labour market data. The rate currently stands at 1.1522.

Technical outlook

The EURUSD rate is declining and has almost reached the lower boundary of the bullish channel. Today’s EURUSD forecast suggests a renewed upward movement, with a potential target at 1.1635.

The EURUSD pair remains in a consolidation phase ahead of the Nonfarm Payrolls release.

Read more - EURUSD Forecast

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team

[RBFX Support]

Bitcoin (BTCUSD) stays positive as buyers focus on further gains

Bitcoin (BTCUSD) rose to 65,126 USD, with risk assets supported by US economic data. 

Technical outlook

On the H1 chart, BTCUSD maintains its upward momentum and is trading near 65,126. After recovering from the 64,650–64,800 zone, the price returned above the middle Bollinger Band and approached the indicator’s upper boundary. 

The Bitcoin price is moving higher as the market focuses on positive signals and ignores the delay to the Clarity Act.

Read more - BTCUSD Forecast

Attention!
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.

Sincerely,
The RoboForex Team