The best opportunity is likely to be long from supportive confluence.
The BTC/USD pair retreated as the fear and greed index and American shares pulled back. Bitcoin is trading at the important support level of $20,000.
The GBP/USD price dropped sharply during the overnight session as the US dollar strength continued and the outlook of the UK economy dimmed.
The EUR/USD declined sharply as the ongoing euro sell-off gathered momentum.
The lira fell during early Wednesday trading, as it is set to lose nearly half of its gains recorded since the end of last week.
The support level at $20,153 is under threat.
The AUD/USD price remained in a consolidation mode after the relatively mixed economic data from the United States.
The EUR/USD pair dipped even after the latest hawkish statement by Christine Lagarde and the weak American consumer inflation data.
The GBP/USD price retreated in the American and Asian sessions as volatility resumed in the market.
The lira fell in the day's trading after two days of recording strong gains, investors followed the statements of Turkish President Recep Tayyip Erdogan during yesterday.
Strong support is likely at $1.2161.
The BTC/USD pair retreated slightly as demand for Bitcoin and other cryptocurrencies waned.
The EUR/USD pair rose to an important resistance level after a hawkish statement by Christine Lagarde.
The AUD/USD moved sideways as investors reflected on the latest statement by Jerome Powell and US housing data.
The lira rose strongly during trading on Friday, to complement its strong rise against the dollar, with the markets returning to trading on Monday.