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June 22, 2021

Trade Ideas for EURUSD, BTCUSD, SPX500

Frank Cabibi

Crypto Stumbles to Lows, EU Awaits PMI Data, SPX Flat
6/22/2021

EUR/USD Analysis 
EU bounces off support and oscillates between support and resistance from 1.19100 and 1.18700. German and French PMI data will report tomorrow which could add extra volatility in the market. The US also has PMI news coming out that day, so we can expect the pair to make hard moves thorughout the day.
BTC/USD Analysis 
Bitcoin continues its fall in the morning after China's critical crack down on crypto mining adds pressure to the crypto and altcoin market. $28,800s is a big level for the coin as a break under support will signal more bearish moves.
SPX500 Analysis 
Markets are mostly still on the open today as investors feel a little mixed about the Fed's interest rate hikes and the concern that they may start doing it earlier than expected. SPX500 is close to resistance around $4237 with decent support paired with its 200 SMA at $4194.

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