USD/TRY stays bid around 8 1500 fxstreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fxstreet.com Daily Mail and Mail on Sunday newspapers.
3/15/2021 8:46:46 AM GMT | By FXStreet Team
Key quotes
“The US economic outperformance narrative continues to lend support to the buck, although it faces strong opposition from the view of the strong rebound in the economic activity overseas and its consequent support to the risk-associated complex.”
“Extra pullbacks in EUR/USD appears on the cards against the current backdrop, with the immediate target at the 1.1830 region. In this contention area converges the 2021 lows (1.1835) and the critical 200-day SMA (1.1831). If this zone is cleared, then there is interim support at a Fibo level (of the November-January rally) at 1.1762.”
“In case bulls regain the upper hand, last week’s highs around 1.1990 emerge as the next hurdle of note ahead of the psychological hurdle at 1.2000.”
Bitcoin Fails to Push Past $38K on Stronger Dollar, Higher Yields
Reading Time: 2min read
Bitcoin slipped heading into the European session Thursday as traders booked profits from its recent price rally.
The benchmark cryptocurrency briefly crossed over $38,000, a wave high it breached last Friday after gaining open endorsement from Tesla founder Elon Musk. The move upside also appeared as a broader recovery trend that saw the Bitcoin price surging from $32,200 on January 31 to as high as $38,769 as of Thursday.
Bitcoin trades lower after briefly closing above $38,000. Source: BTCUSD on TradingView.com
Bitcoin trades lower after briefly closing above $38,000. Source: BTCUSD on TradingView.com