MarketBreakdown | EURUSD, BITCOIN, DXY, EURGBP

MarketBreakdown | EURUSD, BITCOIN, DXY, EURGBP

Here are the updates & outlook for multiple instruments in my watch list.

1️⃣ #EURUSD daily time frame 🇪🇺🇺🇸

The pair is currently testing a major supply zone based on a recently
broken rising trend line and a horizontal structure resistance.

I will expect another bearish wave from that area.

2️⃣ #BITCOIN #BTCUSD daily time frame 💰

The market looks very oversold after the last bearish wave.

The formation of a higher low indicates a weakness of the sellers.

If the price breaks and closes above the underlined resistance,
a local bullish reversal will be confirmed.

3️⃣ #DXY Dollar Index daily time frame 💲

The market is stuck within a horizontal range.
We can expect a pullback from its support.

Alternatively, its breakout and a daily candle close below will
trigger a bearish wave.

4️⃣ #EURGBP daily time frame 🇪🇺🇬🇧

The price is stuck on a major demand cluster.
To confirm the start of a bullish wave from that, I suggest
waiting for a breakout of the resistance line of a falling wedge pattern.