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EUR/USD loses recovery momentum, retreats below 0.9650
EUR/USD has lost its recovery momentum near 0.9700 during the European trading hours on Monday and returned below 0.9650. The risk-averse market environment helps the greenback preserve its strength and forces the pair to stay on the backfoot.
GBP/USD rises above 1.0800 on BoE chatter
GBP/USD has regained its traction and rose above 1.0800 during the European trading hours on Monday. Market chatter about the Bank of England possibly delivering a statement later in the day seems to be helping the British pound find demand.
Cardano price could trap impatient investors before triggering an explosive move to $0.505
Cardano price shows a consolidation below a stable support level and has yet to reveal a directional bias. The ongoing range tightening will likely resolve as the US markets head to a fresh start this week.
LUNA Classic price hints at a 25% crash as Do Kwon under Red Notice from Interpol
LUNA Classic price reveals a bearish outlook that could unfold over the course of this week. A minor run-up seems plausible, but it is just a move to squeeze the bulls. Therefore, market participants should be ready for a quick reversal.
Ethereum Price Prediction: Assessing the possibility of a post-Merge rally
Ethereum price trades at $1,323 on Sunday, several days after sliding to $1,200. It was a surprise that the largest smart contracts token would give up most of its gains during and after the much-publicized Merge. On-chain data shows a significant reduction in the Ethereum Supply.