EUR
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May 15, 2024 @ 03:14 PM (UTC)
Current Price of Bitcoin
(BTC-USD): $64,560.10
(BTC-EUR): €59,424.67 #$BTC #EUR
Current Price of Bitcoin
(BTC-USD): $64,560.10
(BTC-EUR): €59,424.67 #$BTC #EUR
Binance Urges EUR Balances Conversion to USDT
In a surprising turn of events, Paysafe Payment Solutions Limited (Paysafe) recently announced the unilateral cessation of EUR deposit processing for Binance users. This unexpected decision has forced Binance to issue a series of advisories, urging Paysafe users to take specific actions before the looming October 31, 2023 deadline.
Converting EUR to USDT: A Recommended Step
To mitigate potential disruptions caused by Paysafe's decision, Binance has advised its users to contemplate converting their EUR balances within their Binance accounts to Tether USD (USDT) before the October 31 deadline. This proactive approach can help safeguard your assets amidst the uncertainty.
Continued EUR Withdrawals
Despite the disruptions, Binance assures its users that they can continue withdrawing their EUR balances from their Binance accounts to their respective bank accounts. This ongoing service allows users to manage their finances without significant hindrance.
Immediate Impact on EUR Transactions
Paysafe's discontinuation of EUR-related services has already left its mark on Binance operations. Binance users can no longer deposit EUR into their accounts, and as of September 28, 04:00 (UTC), buying and selling cryptocurrencies with EUR have been discontinued. Additionally, trading activities involving EUR spot trading pairs are no longer accessible, with open orders on these pairs canceled from 05:00 (UTC).
Implications for Trading Bot Services
The ripple effect of Paysafe's decision extends to Binance's trading bot services. Binance has announced the cessation of Spot Trading Bot services specifically for EUR/USDT and EUR/BUSD trading pairs, impacting users who rely on automated trading strategies. This development necessitates a reassessment of trading strategies for affected individuals.
Auto-Invest EUR Plans on Pause
Paysafe's disruption also affects Binance users with Auto-Invest EUR plans, as these services will experience a temporary pause. It's essential for users in this category to stay informed about when their services are set to resume and to adjust their investment strategies accordingly during this period.
In Summary
The unexpected decision by Paysafe to cease processing EUR deposits for Binance users has sent shockwaves through the cryptocurrency community. As Binance takes measures to address the disruptions, affected users should stay vigilant, consider the recommended actions, and adapt their strategies to navigate this challenging period. Paysafe's move serves as a reminder of the ever-evolving landscape of the cryptocurrency industry, where adaptability and preparedness are key to success.
#Paysafe #Binance #cryptocurrency #EUR #USDT $USDC $EUR
Converting EUR to USDT: A Recommended Step
To mitigate potential disruptions caused by Paysafe's decision, Binance has advised its users to contemplate converting their EUR balances within their Binance accounts to Tether USD (USDT) before the October 31 deadline. This proactive approach can help safeguard your assets amidst the uncertainty.
Continued EUR Withdrawals
Despite the disruptions, Binance assures its users that they can continue withdrawing their EUR balances from their Binance accounts to their respective bank accounts. This ongoing service allows users to manage their finances without significant hindrance.
Immediate Impact on EUR Transactions
Paysafe's discontinuation of EUR-related services has already left its mark on Binance operations. Binance users can no longer deposit EUR into their accounts, and as of September 28, 04:00 (UTC), buying and selling cryptocurrencies with EUR have been discontinued. Additionally, trading activities involving EUR spot trading pairs are no longer accessible, with open orders on these pairs canceled from 05:00 (UTC).
Implications for Trading Bot Services
The ripple effect of Paysafe's decision extends to Binance's trading bot services. Binance has announced the cessation of Spot Trading Bot services specifically for EUR/USDT and EUR/BUSD trading pairs, impacting users who rely on automated trading strategies. This development necessitates a reassessment of trading strategies for affected individuals.
Auto-Invest EUR Plans on Pause
Paysafe's disruption also affects Binance users with Auto-Invest EUR plans, as these services will experience a temporary pause. It's essential for users in this category to stay informed about when their services are set to resume and to adjust their investment strategies accordingly during this period.
In Summary
The unexpected decision by Paysafe to cease processing EUR deposits for Binance users has sent shockwaves through the cryptocurrency community. As Binance takes measures to address the disruptions, affected users should stay vigilant, consider the recommended actions, and adapt their strategies to navigate this challenging period. Paysafe's move serves as a reminder of the ever-evolving landscape of the cryptocurrency industry, where adaptability and preparedness are key to success.
#Paysafe #Binance #cryptocurrency #EUR #USDT $USDC $EUR
A series of central bank meetings are about to take place😄
Yesterday saw a quiet start to the week with Japan out on holidays, though it’s going to be a busy next few days with a full line up of central banking meetings ahead with the Fed / BOE / BOJ / SNB / Norges / Riksbank. For the 2nd day in a row, EUR continued to bounce from the lows on a Reuters report that the ECB is planning to start discussions on how to remove the multi-trillion pool of euro excess liquidity in the banking system, with a rise in the reserve requirements as a possible first move. This would be another significant action to reverse over a decade of QE purchases, tightening conditions on top of raising rates for a 10th consecutive time last week, as inflation remains stubbornly high in the eurozone.
#cryptocurrency #EUR #Centralbank #crypto #Eurozone
Yesterday saw a quiet start to the week with Japan out on holidays, though it’s going to be a busy next few days with a full line up of central banking meetings ahead with the Fed / BOE / BOJ / SNB / Norges / Riksbank. For the 2nd day in a row, EUR continued to bounce from the lows on a Reuters report that the ECB is planning to start discussions on how to remove the multi-trillion pool of euro excess liquidity in the banking system, with a rise in the reserve requirements as a possible first move. This would be another significant action to reverse over a decade of QE purchases, tightening conditions on top of raising rates for a 10th consecutive time last week, as inflation remains stubbornly high in the eurozone.
#cryptocurrency #EUR #Centralbank #crypto #Eurozone
🚧 Decoding Symmetry: EURO-USDT Analysis 🚧
🔮Introduction: Unraveling Neowave Symmetry
In the realm of the EURO-USDT pair, our analysis delves into the intricate dance of patterns guided by Neowave theory. A particularly intriguing revelation emerges – the formation of a symmetric pattern, with the completion of the F wave paving the way for an exploration into the unfolding G wave and beyond.
🔍Methodology: Neowave at the Helm
Our methodology centers on the principles of Neowave theory, a nuanced approach to market analysis. Through meticulous scrutiny, we've identified a compelling symmetric pattern, unveiling its layers as we navigate through the waves marked by the Neowave framework.
📈Symmetric Revelation: The Journey Through F Wave
Detailing the completed F wave, we witness the symmetry materialize. Visual aids showcase the intricacies of this pattern, providing a visual narrative of the completed phase and setting the stage for the imminent G wave.
🔮Anticipation Builds: G Wave Unveiling
In the latest chapter of our analysis, attention turns to the G wave. As we explore the anticipated movements, the chart signals potential directions and behaviors aligned with Neowave theory. This segment provides insights into the unfolding dynamics and how they align with Neowave projections.
🌐Future Projections: H, I Wave Ascent:
The chart becomes a road-map for the future as we gaze beyond the present. H and I waves beckon, and their potential directions are mapped out in the Neowave framework. This section explores the potential trajectories and implications of these forthcoming waves.
🎯Conclusion:
Navigating Symmetry for Informed Decisions
As we conclude this NeoWave-infused analysis, the symmetrical journey of the EURO-USDT pair unfolds as a guide for traders and investors. The completion of the F wave and the imminent G wave offer a compelling narrative. However, prudent consideration is advised, as H and I waves await their turn, inviting a cautious yet optimistic outlook.
#Europe #EUR #euro
🔮Introduction: Unraveling Neowave Symmetry
In the realm of the EURO-USDT pair, our analysis delves into the intricate dance of patterns guided by Neowave theory. A particularly intriguing revelation emerges – the formation of a symmetric pattern, with the completion of the F wave paving the way for an exploration into the unfolding G wave and beyond.
🔍Methodology: Neowave at the Helm
Our methodology centers on the principles of Neowave theory, a nuanced approach to market analysis. Through meticulous scrutiny, we've identified a compelling symmetric pattern, unveiling its layers as we navigate through the waves marked by the Neowave framework.
📈Symmetric Revelation: The Journey Through F Wave
Detailing the completed F wave, we witness the symmetry materialize. Visual aids showcase the intricacies of this pattern, providing a visual narrative of the completed phase and setting the stage for the imminent G wave.
🔮Anticipation Builds: G Wave Unveiling
In the latest chapter of our analysis, attention turns to the G wave. As we explore the anticipated movements, the chart signals potential directions and behaviors aligned with Neowave theory. This segment provides insights into the unfolding dynamics and how they align with Neowave projections.
🌐Future Projections: H, I Wave Ascent:
The chart becomes a road-map for the future as we gaze beyond the present. H and I waves beckon, and their potential directions are mapped out in the Neowave framework. This section explores the potential trajectories and implications of these forthcoming waves.
🎯Conclusion:
Navigating Symmetry for Informed Decisions
As we conclude this NeoWave-infused analysis, the symmetrical journey of the EURO-USDT pair unfolds as a guide for traders and investors. The completion of the F wave and the imminent G wave offer a compelling narrative. However, prudent consideration is advised, as H and I waves await their turn, inviting a cautious yet optimistic outlook.
#Europe #EUR #euro
#Binance Restores #EUR € Services again :
The exchange said it has partnered with multiple payment providers in Europe.
Earlier, #Paysafe terminated its contract with the exchange.
Binance, the world’s largest crypto exchange by trading volume, has restored euro (EUR) payments, deposits, and withdrawals after striking deals with new fiat partners.
At the end of September, the crypto exchange halted euro services. It urged its European user base to convert their EUR balances into $USDT before October 31 following a fallout with financial partner Paysafe.
On October 19, 2023
Binance announced the reopening of its EUR fiat channels, noting that the exchange had signed agreements with several “new regulated and authorized” financial partners to provide fiat services to its community.
As Per the announcement, some users have already migrated to the restored services, which include EUR deposits and withdrawals via SEPA/SEPA Instant and Open Banking.
Always #DYOR before investing & trading in #Crypto
The exchange said it has partnered with multiple payment providers in Europe.
Earlier, #Paysafe terminated its contract with the exchange.
Binance, the world’s largest crypto exchange by trading volume, has restored euro (EUR) payments, deposits, and withdrawals after striking deals with new fiat partners.
At the end of September, the crypto exchange halted euro services. It urged its European user base to convert their EUR balances into $USDT before October 31 following a fallout with financial partner Paysafe.
On October 19, 2023
Binance announced the reopening of its EUR fiat channels, noting that the exchange had signed agreements with several “new regulated and authorized” financial partners to provide fiat services to its community.
As Per the announcement, some users have already migrated to the restored services, which include EUR deposits and withdrawals via SEPA/SEPA Instant and Open Banking.
Always #DYOR before investing & trading in #Crypto
📈 EUR/USD Weekly Cash Data - Analysis
🔍 Symmetry in Focus:
- From the black arrow, a symmetric pattern is observed.
- The magnitude of the current rally suggests wave-g may be nearing its end, resembling the size of wave-e (green rectangle).
- If the Euro tops around 1.11-1.12, a presumption is made that wave-h will mirror the prices of wave-b & d (red rectangles).
📊 Progression:
- Wave-g is progressing as predicted, but a recent drop indicates a shift in upside momentum.
- Anticipating the conclusion of wave-g in late December or early January.
📉 Confidence Indicators:
- Confidence in the symmetrical pattern exceeds 60%, pending Euro behavior.
- If wave-h aligns with the movement of wave-b & d, confidence escalates to the 80% realm.
🔍 Conclusion:
Stay tuned for developments as we monitor the Euro's behavior, with an eye on potential price movements in line with Neowave predictions.
📅 Timeline:
Late December to early January - a critical period for wave-g conclusion.
*Disclaimer: Trading involves risk. This analysis is for informational purposes only and not financial advice.*
---
#EURO2024 #EUR #euro #BTC
🔍 Symmetry in Focus:
- From the black arrow, a symmetric pattern is observed.
- The magnitude of the current rally suggests wave-g may be nearing its end, resembling the size of wave-e (green rectangle).
- If the Euro tops around 1.11-1.12, a presumption is made that wave-h will mirror the prices of wave-b & d (red rectangles).
📊 Progression:
- Wave-g is progressing as predicted, but a recent drop indicates a shift in upside momentum.
- Anticipating the conclusion of wave-g in late December or early January.
📉 Confidence Indicators:
- Confidence in the symmetrical pattern exceeds 60%, pending Euro behavior.
- If wave-h aligns with the movement of wave-b & d, confidence escalates to the 80% realm.
🔍 Conclusion:
Stay tuned for developments as we monitor the Euro's behavior, with an eye on potential price movements in line with Neowave predictions.
📅 Timeline:
Late December to early January - a critical period for wave-g conclusion.
*Disclaimer: Trading involves risk. This analysis is for informational purposes only and not financial advice.*
---
#EURO2024 #EUR #euro #BTC
SVB Financial
SVB Financial, a Californnia-based lender to the venture capital industry, has been hit extremely hard, and the losses are now sparking speculation that this will affect other banks and affect the bond portfolios of US banks.
SVB Financial
So the recent news surrounding overnight losses incurred by Californian bank SVB Financial has raised serious issues regarding unrealized losses on bond portfolios and their impact on bank capitalization levels.
The Federal Deposit Insurance (FDIC) projected that the US banks had around $620bn of unrealized losses on securities that were held to maturity or available for sale accounts. This will have implications on the Forex markets too.
The most notable impact of this news was an immediate deleveraging of open FX positions. This was seen through large losses in EMFX currencies, such as the Mexican peso and Hungarian forint, which dropped 2.2% and 0.8%, respectively.
G10 currencies experienced a more mixed result, with higher-beta currencies such as the Canadian dollar and Norwegian Krone losing around 0.3% of their value against the US dollar.
The outperformed was the Swiss Franc, which gained 1.1% against the US dollar. The outperformance may have been partly due to the traditional safe-heaven status of the currency, as well as the recent commitment by the Swiss National Bank to prevent any significant weakening in the franc.
The US dollar experienced a similar mixed result due to both the sell-off in US equities and potential implications of the development of the US banking system and the Fed's ability to push ahead with the previously planned aggressive tightening cycle. That and the US 2-year Treasury yield drop over the last 2 days alone.
Overall, the news of overnight losses has serious implications for FX markets. Monitor further developments in the US banking system.
The most obvious victims will be the Nasdaq and Cryptocurrency. It doesn't help much either that tech stocks have been performing relatively well considering all the rate hikes, but this leaves tech stocks vulnerable to the downside as there wasn't enough hedging taking place.
EURUSD
A recent shift in the SVB Financial-influenced Federal Reserve Curve and its effect on the 2-year EUR:USD swap differential.
The FED sets a benchmark interest rate (Federal Funds rate) and other short-term borrowing costs, which helps to determine market-determined interest rates.
The SVB Financial-inspired repricing of the Federal Reserve Curve results from the shift in market expectations regarding the Fed. The Federal Reserve has recently expressed its hawkish views on future economic policy, leading the market to expect higher interest rates. This has influenced steepening of the yield curve, and long-term rates are increasing faster than short-term rates as investors demand higher returns from longer-term investments in a higher-rate environment.
The steepening of the yield curve has significantly impacted the 2-year EUR:USD swap differential. A swap differential happens when investors or company exchanges rates between 2 different currencies, usually for the purpose of hedging their currency exposure
Right now, the 2-year EUR:USD swap differential has narrowed by 20bps for the euro over the last 2 days. Indicating that the euro's value has strengthened relative to the USD dollar, providing support to EURUSD.
A soft NFP job release could be seen as a sign that the Federal Reserve doesn't have to be as hawkish in its monetary policy as Jerome Powell previously suggested. This can result in a weakening of the US dollar, which could lead to a further narrowing of the 2-year EUR/USD swap differential in favor of the Euro and potentially send the EUR/USD back to its starting level of ~1.07 (This already happened but I originally posted this in my newsletter. You can find the link in my bio)
The effects of this shift in the yield curve have also been felt in other currencies. As we advance, there may be some upside risks to the value of the koruna, but this is unlikely to have a major impact on the Czech National Bank's policy settings.
All in all, the recent shift in the yield curve, as caused by the SVB financial-inspired repricing of the Federal Reserve Curve, has had a marked effect on the 2-year EUR/USD swap differential, sending the euro's value higher.
As we advance, there may be some upside risks to the value of the koruna, but this is unlikely to have a major impact on the Czech National Bank's policy.
#SVB #nasdaq #crypto #EUR
Follow me on Binance Buzz; other links to find me are in my profile bio
SVB Financial
So the recent news surrounding overnight losses incurred by Californian bank SVB Financial has raised serious issues regarding unrealized losses on bond portfolios and their impact on bank capitalization levels.
The Federal Deposit Insurance (FDIC) projected that the US banks had around $620bn of unrealized losses on securities that were held to maturity or available for sale accounts. This will have implications on the Forex markets too.
The most notable impact of this news was an immediate deleveraging of open FX positions. This was seen through large losses in EMFX currencies, such as the Mexican peso and Hungarian forint, which dropped 2.2% and 0.8%, respectively.
G10 currencies experienced a more mixed result, with higher-beta currencies such as the Canadian dollar and Norwegian Krone losing around 0.3% of their value against the US dollar.
The outperformed was the Swiss Franc, which gained 1.1% against the US dollar. The outperformance may have been partly due to the traditional safe-heaven status of the currency, as well as the recent commitment by the Swiss National Bank to prevent any significant weakening in the franc.
The US dollar experienced a similar mixed result due to both the sell-off in US equities and potential implications of the development of the US banking system and the Fed's ability to push ahead with the previously planned aggressive tightening cycle. That and the US 2-year Treasury yield drop over the last 2 days alone.
Overall, the news of overnight losses has serious implications for FX markets. Monitor further developments in the US banking system.
The most obvious victims will be the Nasdaq and Cryptocurrency. It doesn't help much either that tech stocks have been performing relatively well considering all the rate hikes, but this leaves tech stocks vulnerable to the downside as there wasn't enough hedging taking place.
EURUSD
A recent shift in the SVB Financial-influenced Federal Reserve Curve and its effect on the 2-year EUR:USD swap differential.
The FED sets a benchmark interest rate (Federal Funds rate) and other short-term borrowing costs, which helps to determine market-determined interest rates.
The SVB Financial-inspired repricing of the Federal Reserve Curve results from the shift in market expectations regarding the Fed. The Federal Reserve has recently expressed its hawkish views on future economic policy, leading the market to expect higher interest rates. This has influenced steepening of the yield curve, and long-term rates are increasing faster than short-term rates as investors demand higher returns from longer-term investments in a higher-rate environment.
The steepening of the yield curve has significantly impacted the 2-year EUR:USD swap differential. A swap differential happens when investors or company exchanges rates between 2 different currencies, usually for the purpose of hedging their currency exposure
Right now, the 2-year EUR:USD swap differential has narrowed by 20bps for the euro over the last 2 days. Indicating that the euro's value has strengthened relative to the USD dollar, providing support to EURUSD.
A soft NFP job release could be seen as a sign that the Federal Reserve doesn't have to be as hawkish in its monetary policy as Jerome Powell previously suggested. This can result in a weakening of the US dollar, which could lead to a further narrowing of the 2-year EUR/USD swap differential in favor of the Euro and potentially send the EUR/USD back to its starting level of ~1.07 (This already happened but I originally posted this in my newsletter. You can find the link in my bio)
The effects of this shift in the yield curve have also been felt in other currencies. As we advance, there may be some upside risks to the value of the koruna, but this is unlikely to have a major impact on the Czech National Bank's policy settings.
All in all, the recent shift in the yield curve, as caused by the SVB financial-inspired repricing of the Federal Reserve Curve, has had a marked effect on the 2-year EUR/USD swap differential, sending the euro's value higher.
As we advance, there may be some upside risks to the value of the koruna, but this is unlikely to have a major impact on the Czech National Bank's policy.
#SVB #nasdaq #crypto #EUR
Follow me on Binance Buzz; other links to find me are in my profile bio
Big Breaking News 😀
Binance has signed agreements with new fiat partners for EUR payments, deposits, and withdrawals.
Users are already migrating to these new services.
Fiat channels are an important factor in driving crypto adoption around the world – millions of Binance users have easy access to fiat channels.
#Binance #EUR
Binance has signed agreements with new fiat partners for EUR payments, deposits, and withdrawals.
Users are already migrating to these new services.
Fiat channels are an important factor in driving crypto adoption around the world – millions of Binance users have easy access to fiat channels.
#Binance #EUR
🚧 Decoding Symmetry: EURO-USDT Analysis 🚧
🔮Introduction: Unraveling Neowave Symmetry
In the realm of the EURO-USDT pair, our analysis delves into the intricate dance of patterns guided by Neowave theory. A particularly intriguing revelation emerges – the formation of a symmetric pattern, with the completion of the F wave paving the way for an exploration into the unfolding G wave and beyond.
🔍Methodology: Neowave at the Helm
Our methodology centers on the principles of Neowave theory, a nuanced approach to market analysis. Through meticulous scrutiny, we've identified a compelling symmetric pattern, unveiling its layers as we navigate through the waves marked by the Neowave framework.
📈Symmetric Revelation: The Journey Through F Wave
Detailing the completed F wave, we witness the symmetry materialize. Visual aids showcase the intricacies of this pattern, providing a visual narrative of the completed phase and setting the stage for the imminent G wave.
🔮Anticipation Builds: G Wave Unveiling
In the latest chapter of our analysis, attention turns to the G wave. As we explore the anticipated movements, the chart signals potential directions and behaviors aligned with Neowave theory. This segment provides insights into the unfolding dynamics and how they align with Neowave projections.
🌐Future Projections: H, I Wave Ascent:
The chart becomes a road-map for the future as we gaze beyond the present. H and I waves beckon, and their potential directions are mapped out in the Neowave framework. This section explores the potential trajectories and implications of these forthcoming waves.
🎯Conclusion:
Navigating Symmetry for Informed Decisions
As we conclude this NeoWave-infused analysis, the symmetrical journey of the EURO-USDT pair unfolds as a guide for traders and investors. The completion of the F wave and the imminent G wave offer a compelling narrative. However, prudent consideration is advised, as H and I waves await their turn, inviting a cautious yet optimistic outlook.
#BTC #EUR $EUR
🔮Introduction: Unraveling Neowave Symmetry
In the realm of the EURO-USDT pair, our analysis delves into the intricate dance of patterns guided by Neowave theory. A particularly intriguing revelation emerges – the formation of a symmetric pattern, with the completion of the F wave paving the way for an exploration into the unfolding G wave and beyond.
🔍Methodology: Neowave at the Helm
Our methodology centers on the principles of Neowave theory, a nuanced approach to market analysis. Through meticulous scrutiny, we've identified a compelling symmetric pattern, unveiling its layers as we navigate through the waves marked by the Neowave framework.
📈Symmetric Revelation: The Journey Through F Wave
Detailing the completed F wave, we witness the symmetry materialize. Visual aids showcase the intricacies of this pattern, providing a visual narrative of the completed phase and setting the stage for the imminent G wave.
🔮Anticipation Builds: G Wave Unveiling
In the latest chapter of our analysis, attention turns to the G wave. As we explore the anticipated movements, the chart signals potential directions and behaviors aligned with Neowave theory. This segment provides insights into the unfolding dynamics and how they align with Neowave projections.
🌐Future Projections: H, I Wave Ascent:
The chart becomes a road-map for the future as we gaze beyond the present. H and I waves beckon, and their potential directions are mapped out in the Neowave framework. This section explores the potential trajectories and implications of these forthcoming waves.
🎯Conclusion:
Navigating Symmetry for Informed Decisions
As we conclude this NeoWave-infused analysis, the symmetrical journey of the EURO-USDT pair unfolds as a guide for traders and investors. The completion of the F wave and the imminent G wave offer a compelling narrative. However, prudent consideration is advised, as H and I waves await their turn, inviting a cautious yet optimistic outlook.
#BTC #EUR $EUR
🚨Diametric Pattern Analysis: Anticipating Euro's Next Move🚨
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🚧Diametric Pattern Unveiled: Time as a Crucial Factor🚧
👉In the intricate world of technical analysis, the Diametric pattern stands out, emphasizing the significance of time similarity. A unique characteristic of this pattern is the equality in time among its segments, especially when wave e concludes promptly. This behavior distinguishes Diametric from other patterns, making it a fascinating subject for keen observers.
🚧The Telltale Sign: A Significant Drop on the Horizon🚧
👉To validate the presence of a Diametric structure, a substantial drop is anticipated within the next 1-2 months. This drop will serve as a critical confirmation, aligning with the pattern's nature. As the market awaits this potential shift, investors and analysts keen on pattern recognition are on high alert for the impending development.
🚧Weekly Structure Overview: Euro's Intriguing Trajectory🚧
👉Last month's outlook hinted at the urgency, stating, "Bashed time is running out, wave e is likely to conclude before the end of this year with wave f down to follow." The recent rally in November has brought the Euro into a favorable zone and time frame for the culmination of wave-e, assuming it is part of a larger Diametric pattern. Analysts posit that a substantial and rapid descent in the Euro's value is imperative to validate the completion of wave e in the near future.
🛑As we navigate the intricate dynamics of the market, the unfolding of the Diametric pattern adds an extra layer of anticipation. The coming months promise to be a crucial period for Euro traders and enthusiasts alike. Stay tuned for further updates as we witness the market's response to the unfolding patterns. 📈🔄
#Airdrop #BTC #euro #EUR
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🚧Diametric Pattern Unveiled: Time as a Crucial Factor🚧
👉In the intricate world of technical analysis, the Diametric pattern stands out, emphasizing the significance of time similarity. A unique characteristic of this pattern is the equality in time among its segments, especially when wave e concludes promptly. This behavior distinguishes Diametric from other patterns, making it a fascinating subject for keen observers.
🚧The Telltale Sign: A Significant Drop on the Horizon🚧
👉To validate the presence of a Diametric structure, a substantial drop is anticipated within the next 1-2 months. This drop will serve as a critical confirmation, aligning with the pattern's nature. As the market awaits this potential shift, investors and analysts keen on pattern recognition are on high alert for the impending development.
🚧Weekly Structure Overview: Euro's Intriguing Trajectory🚧
👉Last month's outlook hinted at the urgency, stating, "Bashed time is running out, wave e is likely to conclude before the end of this year with wave f down to follow." The recent rally in November has brought the Euro into a favorable zone and time frame for the culmination of wave-e, assuming it is part of a larger Diametric pattern. Analysts posit that a substantial and rapid descent in the Euro's value is imperative to validate the completion of wave e in the near future.
🛑As we navigate the intricate dynamics of the market, the unfolding of the Diametric pattern adds an extra layer of anticipation. The coming months promise to be a crucial period for Euro traders and enthusiasts alike. Stay tuned for further updates as we witness the market's response to the unfolding patterns. 📈🔄
#Airdrop #BTC #euro #EUR
Dollar Index still at the bottom of the range. Therefore the risk of #DXY bouncing back to the top stays real. So far #EUR was holding #DollarIndex from the bullish bounce, but now it also found resistance, forming LH swing, so by next Wednesday we may expect some major movement
⚠️ DO YOU HAVE EUROS IN YOUR BINANCE ACCOUNT? Read this!!You have had to receive an email telling you what to do if you currently have Euros in your account. I'll summarize it for you:Binance has added new fiat partners to provide Euro (EUR) services to users in Europe.What do you need to do?- If you already have access to these services, you don't need to do anything else.- If you do not have access to these fiat services and you have a balance in Euros (EUR) on Binance through our old fiat partner (Paysafe) you will need to completely reduce your existing balance before we can migrate your account to our new partners.- You can do this by converting your Euros (EUR) to cryptocurrencies before October 31, 2023, or by withdrawing your balance to your bank account.- For Paysafe users (old partner) with a balance less than 5 Euros (EUR), we will automatically convert the remaining EUR balance to USDT on October 24, 2023 at 8:00am UTC+0 due to the minimum withdrawal limit of 5 EUR.- Once we convert this EUR balance into USDT, you will now have access to our EUR services through our new partners.The fiat services offered by these new fiat partners to users include:- Deposit and withdrawal of Euros (EUR) through Open Banking and SEPA/SEPA Instant- Buy and sell cryptocurrencies through SEPA/SEPA Instant- Buy and sell cryptocurrencies with bank cards- Buy and sell crypto with fiat balances- Spot pairs in Euro (EUR) for all users❤️ Like and follow me for more similar content!
