Fundamental

Bitcoin has completed a triple breakout sequence, but can bullish momentum force a crucial fourth breakout that can challenge its all-time high?

Following Monday’s advance, EUR/USD reversed its direction in the European session on Tuesday and dropped below 1.1650. The pair’s near-term technical outlook points to a buildup of bearish momentum as safe-haven flows dominate the action in financial markets.

After posting modest gains on Monday, GBP/USD turned south and dropped to its lowest level since early August below 1.3380. Although the pair managed to rose back toward 1.3400, it finds it difficult to gather recovery momentum.

The AUD/USD pair attracts heavy intraday selling on Tuesday and reverses a major part of its strong gains registered over the past four days, to a nearly three-week top touched the previous day.

Gold has quickly reversed an uptick to fresh all-time-highs above $3,500, gathering pace for a sustained move again above that level. All eyes now turn to the US ISM Manufacturing PMI due later in the day for further trading directives.  

EUR/USD trades with a bullish bias near resistance, as traders watch Eurozone inflation data and US PMI for signals on whether the pair can break above 1.1735 toward 1.1830.