Does TA work with crypto?

EUR/USD struggles to stage a rebound and trades below 1.1050 on Tuesday. In the absence of high-tier macroeconomic data releases, the negative shift seen in risk mood supports the US Dollar and doesn't allow the pair to gain traction.

GBP/USD continues to fluctuate below 1.3100 in the second half of the day on Tuesday. Following a short lasting recovery attempt on UK employment data earlier in the day, the pair finds it difficult to gather momentum amid souring risk mood.

Gold is exchanging hands at around the $2,500 mark on Tuesday, sticking within its familiar range of the last few weeks as traders assess the outlook for monetary policy and the future path of interest rates in the US, a key performance indicator for Gold. 

For the past two years, equity traders have been closely monitoring inflation reports, particularly the Consumer Price Index (CPI), as a key indicator of the Federal Reserve’s approach to managing the economy.

Dogecoin is up more than 8% on Monday, as it's leading the entire meme coin sector on a rebound. The top meme coin could see a massive rally if it completes a key move within a falling wedge.

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