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EUR/USD: Prospects of a significant correction from key monthly structure

EUR/USD: Prospects of a significant correction from key monthly structure

EUR/USD bears move in on a critical area of support. The US dollar strengthened on Monday on a volatile day to start the week which had EUR/USD slipping to 0.9552 from 0.9694. The single currency has dropped to a major level on the monthly chart.

EUR/USD News

GBP/USD: Downside bias halts for a while on hammer formation

GBP/USD: Downside bias halts for a while on hammer formation

The GBP/USD pair has advanced firmly after dropping to near 1.0356 as a responsive buying action kicked in. In the Asian session, the cable delivered an upside break of the consolidation formed in a narrow range of 1.0633-1.0724. The asset is expected to extend its gains above 1.0800 and will march towards 1.0900 ahead.

GBP/USD News

Why the Solana price could wipe out all returns since August

Why the Solana price could wipe out all returns since August

Solana shows a significant uptick in volume amidst the recent decline. The largest candle within the current downtrend and consolidation belongs to the bears. Solana price may be consolidating before it makes a move south.

More Solana news

XRP Price Prediction: One more pump then a dump

XRP Price Prediction: One more pump then a dump

XRP price has established two legs of a triangle. If the technicals are correct, XRP could rally to $0.56 and then experience a sharp sell-off. Invalidation of the triangle thesis targeting $0.56 iis a breach below $0.4564.

More Ripple news

Cardano: $1 is a fever dream for ADA as Vasil hard fork fails to trigger buying pressure

Cardano: $1 is a fever dream for ADA as Vasil hard fork fails to trigger buying pressure

After Ethereum’s Merge, Cardano’s Vasil hard fork was the most anticipated event for the crypto community this year. Surprisingly, both the events, while developing the network further, acted as a disappointment for the investors.

More Cardano news