Higher low formation supported at $1.1479 giving bulls hope despite USD strength and European energy woes.

EUR/USD fluctuates in a tight channel at around 1.1500 in the European morning on Tuesday after closing in positive territory on Monday. The pair’s technical outlook doesn’t yet signal a bullish reversal.

The AUD/USD pair struggles to capitalize on the previous day’s goodish rebound from sub-0.7000 levels and seesaws between tepid gains/minor losses through the early European session on Tuesday.

The BTC/USD pair continued its strong uptrend as it jumped to the highest level since February 4. It rose to 75,000, up by 25% from its lowest level this year.

The AUD/USD exchange rate rose slightly after the Reserve Bank of Australia (RBA) delivered its second interest rate decision of the year. It rose to 0.7065 on Tuesday, up slightly from this month’s low of 0.6940.

Gold is in a bearish consolidation phase near the monthly lows, while battling the $5,000 level early Tuesday.