Gold Pulls Back After Hitting $4,180 as Geopolitical Risk Sends Crude Higher 
US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
Stock Futures Dip as Investors Await Key Payrolls Data 
FxWirePro- Major Crypto levels and bias summary 
Morgan Stanley Says China’s Reusable Rocket Progress Poses Long-Term Challenge to SpaceX 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
BTCEUR has formed hammer pattern at 5,453.6 levels, that evidences upswings. Consequently, the current price spikes above DMAs and heading for next stiff resistance at 6,154.4 levels, for now, more rallies likely on bullish EMA & MACD crossovers.
In the recent past, the volume of bitcoin has remained above the $4.5 billion mark, as the daily volume of the crypto market surpassed $13 billion. Nevertheless, the volume of Ether, the native cryptocurrency of Ethereum, has hovered at around $1.5 billion, which still remains relatively low in comparison to Bitcoin.
If the volume of the crypto market can be sustained at $13 billion and potentially increase to $15 billion throughout the week, it is highly likely that Bitcoin tests key resistance levels in mid-$7,000, eyeing a move towards the $8,000 mark.
Contemplating above factors, as we could foresee upside risks, we advocate initiating longs in EURGBP futures contracts with a view to arresting further upside risks. Courtesy: ccn.com
Currency Strength Index: FxWirePro's hourly BTC spot index has flashed at 24 (bullish), while hourly EUR spot index has shown -32 (which is bearish), while hourly USD spot index has shown 13 (which is neutral), while articulating at 06:17 GMT.
For more details on the index, please refer below weblink:
