A1 Trading

Trade Ideas for EUR/USD, BTC/USD, and SPX500

March 26, 2021
Frank Cabibi

BTC Finds Support, EU's Weak Recovery
3/26/2021

EUR/USD Analysis
EU falls below its 200 DMA for the first time since last March, and is currently resting on support. This small recovery move could be an opportunity to gauge in a short position. If price ends up coming back to its moving average, it will have to test resistance as well which could end up sending EU lower.
BTC/USD Analysis
Bitcoin on the daily chart showing a potential buying opportunity after a clear bounce off support in the low $50k levels. Elon Musk also recently announced that Tesla confirmed Bitcoin payments to purchase Tesla cars, and they won't convert the payments back to USD. So, this news could definitely help the bulls out.
SPX500 Analysis
SPX500 on the 4H chart shows a big breakout of a falling trend line with heavy momentum to the upside. The market still looks like it has room to go as bearish news on yields and inflation is beginning to wane. 

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