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EUR/USD bears take a breather around fresh monthly low. Euro seesaws around the monthly low near 1.1690 amid a sluggish start to Thursday’s Asian session. The currency major pair struggles to extend the Fed-led fall as RSI conditions turn oversold.
GBP/USD bears keep controls around 1.3620 amid the initial Asian session on the Super Thursday, after refreshing the monthly low with 1.3609 due to the Fed tapering before a few hours. The cable pair’s recent fall broke an ascending support line from July, which in turn joins bearish MACD signals to hint at the quote’s further downside.
AVAX price continues to outperform the majority of the market in its performance. It also has the distinction of being one of a few high market cap cryptocurrencies that remains near its all-time highs. However, that might change soon.
Axie Infinity price has followed the rest of the aggregated crypto market in a strong bounce after experiencing double-digit percentage losses. Any upside potential here is likely limited due to the number of Ichimoku resistance levels ahead.
VeChain price pulls back after -25% drop. Bears take profit, and bulls look for some reprieve from massive losses. A massive gap between the close and daily Tenkan-Sen indicates a mean reversion trade was likely.