In Germany, the services PMI rose to 51.5, crossing the expansion zone of 50 for the first time in three months.
In the United States, the Dow Jones index futures rose slightly to $33,327 while the Nasdaq 100 index rose to $13,574.
A key point of concern is that many conservative lawmakers oppose the so-called vaccine passports that have been proposed by the government.
Therefore, while the pair may keep rising, there are concerns of a reversal since the price has reached a key resistance level on the daily chart.
On the four-hour chart, the 25-day and 15-day moving averages have made a bearish crossover while the signal and histogram of the MACD have moved below the neutral level.
On the hourly chart, it has moved below the short and longer-term moving averages while the RSI has also turned lower.
Trading in FX & CFDs related to foreign exchange, commodities, financial indices and other underlying variables, carry a high level of risk and can result in the loss of all of your investment.
The Ripple price had one of the craziest rallies in the past three days, jumping by 100% to a three-year high of $1.19.
Welcome to FXStreet’s Live Market analysis blog for April 7.
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