Forecast and technical analysis EURUSD on June 21, 2018.

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EURUSD: markets await results of Bank of England meeting

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On Wednesday the 20th of June, trading on the euro closed slightly down at 1.1570. In general, the statements of the heads of the Central Bank at the conference in Portugal did not have a noticeable effect on major currencies. During the European session, the euro fell to 1.1537. When the US session came around, the price corrected to 1.1600.

Bitcoin Analysis for 20.06.2018

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The Bank for International Settlements in a 24-page article published yesterday as part of the annual economic report stated that cryptocurrencies are not scalable enough to function as money. According to BRM - an organization based in Switzerland consisting of 60 central banks from around the world - cryptocurrencies will not be able to become a medium of exchange in the global economy.

Forecast and technical analysis EURUSD on June 19, 2018.

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EURUSD: the euro’s situation is ambiguous

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Since the euro’s collapse on Thursday during Mario Draghi’s press conference, the daily candlesticks have closed up two days in a row. At the beginning of yesterday’s European session, the euro slid to 1.1565. It then recovered to 1.1620 in the US session, and climbed higher to reach 1.1645 in today’s (Tuesday’s) Asian session. The market’s fluctuations yesterday occurred against the backdrop of an escalation in the trade dispute taking place between the US and China.

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