FxWirePro: GBP/AUD struggle to extend its recovery, good to sell on rally 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: EUR/NZD gaining momentum for a move towards 2.0100 level 
FxWirePro- Major Crypto levels and bias summary 
FxWirePro: GBP/USD gains some upside momentum but still bearish 
Gold Loses Luster Amid Rising US Bond Yields, Iran Conflict; Sell on Rallies Advised 
NZDJPY Consolidates, Resistance at 90.78 May Signal Favorability for Downtrend 
EURUSD Holds Above 1.1600 Despite US CPI, Fed Rate Hike on the Horizon 
Major Currency Pair Scores: USD/CHF Signals Strong Bullish Momentum as NZD/USD Turns Heavily Bearish 
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- BTC/EUR trades 2.87% lower on the day, at 5308 at the time of writing.
- Price action rages in slopping channel pattern and upside has been rejected at channel top.
- The pair has broken below 21-EMA and 5-DMA supports and we see scope for further downside.
- Technical indicators on daily charts are bearish. Stochs have rolled over from overbought levels.
- RSI shows weakness below 50 levels and is sharply lower. We see -ve DMI dominance which adds to the bearish bias.
- Downside targets lower Bollinger Band at 5080. Break below will see next major support at 4940 (trendline).
- On the flipside, breakout at 21-EMA and then channel top will negate bearish bias.
Support levels - 5212 (Apr 1 low), 5080 (lower BB), 4970 (June 29 low), 4940 (trendline)
Resistance levels - 5506 (5-DMA), 5558 (21-EMA), 5625 (channel top), 5833 (50-DMA)
Recommendation: Good to go short around 5330/5400, SL: 5510, TP: 5220/ 4970/ 4950
FxWirePro Currency Strength Index: FxWirePro's Hourly BTC Spot Index was at -78.203 (Neutral), while Hourly EUR Spot Index was at -5.48039 (Neutral) at 0900 GMT. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
