E EUR/USD And Bitcoin - Bulls Expected On Both Markets

Today we will take a look at the EURUSD and its intra-day developments.

EURUSD is currently trading overlapping, corrective and sideways, ideally within a bigger degree correction, and can look for support near the 1.1114 region. However, we are still missing three waves within the final leg c, before the trend may again turn bullish.

Support for the whole correction can be near the 1.113/1.110 region.

Also, EURUSD is in nice positive correlation with the BTCUSD, which means once EURUSD turns higher, that is when the BTCUSD may see more upside.


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(Click on image to enlarge)

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