Bitcoin bulls are back with momentum as price initiates another bull rally. Meanwhile, EURUSD swing shorts have entered profit after a brief period of consolidation.
It was a fairly gloomy summer as Bitcoin went as low as $30,000 for a brief moment. Since then, Bitcoin bulls have made their presence known as the price has closed bullish above $55,000 for the first time in months. Traders can now look to see price attain $65,000 in the coming weeks.
Price action traders that took short for EURUSD are in some profit as price makes its first move down since breaching weekly support. The catalyst for this trade going into profit and pushing further into profit is Dollar bullishness. Thus, this week’s NFP report will be of great importance to EURUSD traders.
This morning’s ADP job report came out bullish with 526,000 jobs versus the forecast of 425,000. This could provide insight into how this NFP’s job report may look as it is less than 48 hours away.
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