On the H4 timeframe, there is a break in the double top pattern which is indicated by the black line on the chart.
At 0300 hours there will be an interest rate decision on the Japanese Yen so expect a bullish momentum in JPY pairs.
EURUSD Potential sell: Downward trend Possible bearish price movement towards the support line at 1.1353. Also supported by new, German PPI declined by 0.4% the first decline since February 2018. EURUSD started the trading week with small gains.. FXSTREET Index (bearish trend)
Given the recent weakness for the USD we believe this may just be a retracement, looks like Buyers are still lurking at around the 111.500 area and ready to add strength to take price further possibly overcoming the sellers remaining at the 112.550 area and carry on further to reach the recent highs of around 114.00
Keeping a close watch on the USD as looks like Sellers are still waiting in the area around 0.6700 Depending on News and Economic Data such as Core Durable Goods Orders and what Fed Chair Powell has to say, these orders could get filled and take price down lower.
American Express, Santander team up with Ripple for cross-border payments via blockchain.
Payments made by American Express' business customers on its FXIP platform will now be routed through Ripple's enterprise blockchain network
The blockchain project will initially allow customers in the U.S. to make instant, traceable cross-border payments...