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EUR/USD is advancing towards 1.1900 amid upwardly revised EU final PMIs. The US dollar eases amid a recovery in the risk sentiment, in anticipation of more stimulus from the US and China. US ISM Manufacturing PMI unexpectedly dropped to 59.5.
GBP/USD is holding ground above 1.3900, as the return of risk appetite dents the US dollar's safe-haven appeal. Optimism on the covid and vaccine front underpins the pound ahead of Thursday's BoE decision. The UK Final Manufacturing PMI meets estimates.
Ethereum price showed an excellent bullish outlook as it rallied from the range low to retest a resistance level just below the range high. While this upswing was stellar, it might be coming to an end as the Momentum Reversal Indicator (MRI) flashed a sell signal.
XRP price appears to be consolidating after a rally of 50% since its swing low on July 20. New development on the Securities & Exchange Commission (SEC) case against Ripple Labs has revealed that the lawsuit is likely to continue, with no end in sight.
Cardano price is currently hovering around a crucial support level, but a minor pullback before a new leg up seems likely. Therefore, investors can expect ADA to correct critical demand barriers.