{"id":110256,"date":"2023-06-17T19:33:03","date_gmt":"2023-06-17T19:33:03","guid":{"rendered":"https:\/\/dripp.zone\/news\/bulls-run-into-resistance-bears-eye-trendline-resistance-crypto-news\/"},"modified":"2023-06-17T19:33:05","modified_gmt":"2023-06-17T19:33:05","slug":"bulls-run-into-resistance-bears-eye-trendline-resistance-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bulls-run-into-resistance-bears-eye-trendline-resistance-crypto-news\/","title":{"rendered":"Bulls run into resistance, bears eye trendline resistance\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>EUR\/USD bulls eye higher highs but a correction could be on the cards. <\/strong><\/li>\n<li><strong>Bears eye a correction to test trendline support.<\/strong><\/li>\n<\/ul>\n<p>The euro surged into the 1.0970 mark vs.  the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/us-dollar-index\">US Dollar<\/a> on Friday, reaching its strongest level since May, following the European Central Bank&#8217;s decision to raise interest rates for the eighth consecutive time earlier in the week.  There was also a signal that future rate hikes were on the table, leaving scope for higher highs in the pair:<\/p>\n<h2 class=\"fxs_headline_medium\">EUR\/USD weekly chart<\/h2>\n<\/p>\n<p>The market has run into the weekly neckline of the M-formation.  This leaves prospects of a correction but it has been a solid drive higher, so there is momentum in this bullish impulse and we could be headed for higher highs still. <\/p>\n<h3 class=\"fxs_headline_medium\">EUR\/USD daily chart<\/h3>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/EURUSD_2023-06-16_14-49-23-638225453857524897.png\"><img decoding=\"async\" alt=\"\" src=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/EURUSD_2023-06-16_14-49-23-638225453857524897.png\" style=\"width: 600px; height: 278px;\"\/><\/a><\/p>\n<p>We have possible stops above the swing highs that have been left intact, so far.  Before a move higher into them, a drive to the downside could be in order first.  This brings the 38.2% <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/technical-analysis\/support-resistance\/fibonacci\">Fibonacci<\/a> of the bullish impulse on the daily chart into focus and trendline support. <\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: EUR\/USD bulls eye higher highs but a correction could be on the cards. Bears eye a correction to test trendline support. The euro surged into the 1.0970 mark vs. the US Dollar on Friday, reaching its strongest level since May, following the European Central Bank&#8217;s decision to raise interest rates for the eighth consecutive [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":16514,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,433,255,250,252,247,253,249,308,256,254],"class_list":["post-110256","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-eurusd","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/110256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=110256"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/110256\/revisions"}],"predecessor-version":[{"id":110257,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/110256\/revisions\/110257"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/16514"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=110256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=110256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=110256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}