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EUR/USD eases to 0.9900 on disappointing German data
EUR/USD is paring back gains towards 0.9900 in early European hours, as German Factory Orders disappointed with -2.4% in August vs. -0.7% expected. The US dollar licks its wounds amid a better market mood. Eurozone data and ECB minutes are awaited.
GBP/USD faces fragile barricades below 1.1400 on bleak BOE outlook, risk-on still solid
GBP/USD has witnessed a minor pause while advancing towards 1.1400. The risk-on impulse is still solid and S&P500 is holding gains. Fitch Ratings have revised the BOE sovereign outlook to Negative from Stable.
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Crypto.com price consolidates, forecasting a 22% rally for CRO holders
Crypto.com price seems to have undone its breakout gains seen in the last week of September. This downtrend has morphed into a tight consolidation showing no volatility. Investors can take their eyes off CRO as long as this trend continues.
Ethereum Classic price could bounce 10% if the conditions are perfect
Ethereum Classic price has started to turn around after weeks of downtrend and sell-off, but there is still more room to cover. Therefore, investors need to be careful as this ongoing spurt in bullish momentum could take a U-turn quickly.
Chainlink Price Prediction: LINK hints at a sweep-the-lows event targeting $5.70
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Chainlink price has been producing higher lows since June. The Volume Profile Indicator shows bears have regained control of the higher time frames. Invalidation of the bearish thesis is a breach above $10, which could trigger an additional rally towards $12.