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The point about to be made here is worth taking note of folks. If you look at a 0.01% move in the EUR/USD that is 1 pip on the price action at the current levels. If you apply the same maths to BTC at the current levels, a 0.01% move equates to $10. So, just now BTC did have a test of the noted 50 day moving average. As just earlier noted, that is in place around 97,295. The high seen a short while ago was set at 97,340. So, in effect around the equivalent of just 4 pips in the EUR/USD above that technical level. So, does that constitute a clear break, or can we safely conclude that the 50 day moving average is still (for the time being) capping the topside in BTC just now? Yes we can. BTC is right now at 96,840
Well, you were alerted to something rather strange going on this afternoon in Gold and since then the metal has taken another lurch lower. This time...
The US stock markets have not long reopened for the final trading session of the week. It has been a very modestly higher opening across the board...
Given the reaction in the GBP/USD and the USD/JPY after the US sales data you might easily be forgiven for thinking the EUR/USD should be above 1.05...
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