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Relationship Between EURUSD and Bitcoin Jul 5, 2022
Hello traders, today we want to share an interesting long-term chart regarding EURUSD and Bitcoin and their relationship. Well, as you can see there’s a nice positive correlation and what we currently see is that EURUSD has just broke 2016/2017 lows, which can act as a strong support zone that can be also supportive for Bitcoin. If we consider what was happening back in 2019/2020, then we can expect similar relationship in 2022. chart So, despite bearish EURUSD, Bitcoin can be still looking for the support within uptrend and now that EURUSD is at 20-year low, we we will have to be aware of reversals soon. ... (full story)
