{"id":125360,"date":"2023-07-21T04:20:04","date_gmt":"2023-07-21T04:20:04","guid":{"rendered":"https:\/\/dripp.zone\/news\/euro-flirts-with-support-turned-resistance-near-1-1150-as-ecb-fed-verdicts-loom-crypto-news\/"},"modified":"2023-07-21T04:20:06","modified_gmt":"2023-07-21T04:20:06","slug":"euro-flirts-with-support-turned-resistance-near-1-1150-as-ecb-fed-verdicts-loom-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/euro-flirts-with-support-turned-resistance-near-1-1150-as-ecb-fed-verdicts-loom-crypto-news\/","title":{"rendered":"Euro flirts with support-turned-resistance near 1.1150 as ECB, Fed verdicts loom\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 braces for first weekly loss in four, dribbles around the weekly bottom after three-day losing streak.<\/strong><\/li>\n<li><strong>10-EMA prods Euro sellers amid upbeat RSI (14) line but impending bear cross on MACD challenges buyers.<\/strong><\/li>\n<li><strong>Previous resistance line from mid-May, 50-EMA act as additional downside filters.<\/strong><\/li>\n<li><strong>Fed vs.  ECB play will be crucial for Euro traders to watch as policy pivot talks check respective currency buyers.<\/strong><\/li>\n<\/ul>\n<p>EUR\/USD licks its wounds during the first negative week in four, clinging to mild gains near 1.1130-40 amid early Friday morning in Europe, as market players struggle for clear directions ahead of next week&#8217;s monetary policy meetings of the European Central Bank and Federal Reserve (Fed).<\/p>\n<p>Apart from the pre-event caution, the Euro pair also justifies a lack of major data\/events, as well as the mixed concerns about the respective central banks while confusing the traders.<\/p>\n<p>Also read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/eur-usd-licks-its-wounds-above-11100-after-refreshing-weekly-low-on-strong-us-dollar-202307202206\">EUR\/USD licks its wounds above 1.1100 after refreshing weekly low on strong US Dollar<\/a><\/p>\n<p>Even so, the 10-day Exponential Moving Average (EMA) restricts the immediate downside of the EUR\/USD pair near the 1.1130 level, especially amid the firmer RSI (14) line, not overbought.<\/p>\n<p>That said, the previous support line from early February, now with immediate resistance around 1.1140, guards the immediate upside of the Euro pair.<\/p>\n<p>Following that, multiple levels near 1.1200 and 1.1230 can prod the EUR\/USD bulls before directing it to the 1.1280 resistance area comprising technical swings marked during late 2021 and early 2022.<\/p>\n<p>On the flip side, a daily closing beneath the 10-EMA level of 1.1130 isn&#8217;t an open invitation to the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/eurusd\">EUR\/USD<\/a> Bears as the nine-week-old resistance-turned-support line, near 1.1100 at the latest, challenges the pair&#8217;s further downside.<\/p>\n<p>In a case where the Euro sellers keep the reins past 1.1100, the 50-EMA level of around 1.0960 will act as the bulls&#8217; last defense before directing the price to the monthly low of 1.0833.<\/p>\n<h2 class=\"fxs_headline_medium\">EUR\/USD: Daily chart<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/EUR_USD---21072023-638255091743813764.png\"><\/a><\/p>\n<p>Trend: Limited upside expected<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: EUR\/USD braces for first weekly loss in four, dribbles around the weekly bottom after three-day losing streak. 10-EMA prods Euro sellers amid upbeat RSI (14) line but impending bear cross on MACD challenges buyers. Previous resistance line from mid-May, 50-EMA act as additional downside filters. Fed vs. ECB play will be crucial for Euro [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5973,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,825,433,366,255,250,252,247,253,249,623,308,256,254],"class_list":["post-125360","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-ecb","tag-eurusd","tag-fed","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-swingtrading","tag-technical-analysis","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/125360","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=125360"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/125360\/revisions"}],"predecessor-version":[{"id":125361,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/125360\/revisions\/125361"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/5973"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=125360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=125360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=125360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}