{"id":125991,"date":"2023-07-22T15:48:50","date_gmt":"2023-07-22T15:48:50","guid":{"rendered":"https:\/\/dripp.zone\/news\/struggles-at-0-8700-prints-two-month-high-as-ecb-meeting-looms-crypto-news\/"},"modified":"2023-07-22T15:48:51","modified_gmt":"2023-07-22T15:48:51","slug":"struggles-at-0-8700-prints-two-month-high-as-ecb-meeting-looms-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/struggles-at-0-8700-prints-two-month-high-as-ecb-meeting-looms-crypto-news\/","title":{"rendered":"Struggles at 0.8700, prints two-month high as ECB meeting looms\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\/GBP fails to break decisively above the 100 and 200-day EMAs at 0.8664 and 0.8679, respectively, after hitting a two-month high at 0.8700.<\/strong><\/li>\n<li><strong>If EUR\/GBP pulls back, support levels emerge at 50-day EMA at 0.8619, 0.8600, 20-day EMA at 0.8594, and July 10 high at 0.8584.<\/strong><\/li>\n<li><strong>A break above 0.8700 will set sights on the next resistance at the May 11 high of 0.8734, followed by the resistance trendline from the YTD high at 0.8978 around 0.8740\/50.<\/strong><\/li>\n<\/ul>\n<p>The EUR\/GBP finished Friday&#8217;s session almost flat, failing to decisively break above the 100 and 200-day Exponential Moving Averages (EMAs), each at 0.8664 and 0.8679, respectively after the cross hit a new two-month high at 0.8700.  As we head into the weekend, the EUR\/GBP is trading at 0.8650, gaining 0.03%.<\/p>\n<h2 class=\"fxs_headline_medium\">EUR\/GBP Price Analysis: Technical outlook<\/h2>\n<p>With EUR\/GBP remaining unable to breach the 0.8700 figure, the Euro (EUR) remains exposed to selling pressure, but the next week&#8217;s upcoming monetary policy meeting of the European Central Bank (ECB) could lend a lifeline to hover around the current exchange rate, as it happened on Thursday and Friday.<\/p>\n<p>If EUR\/GBP pullbacks, the first support would be the 50-day EMA at 0.8619, followed by the 0.8600 mark.  If the cross extends its drop past those two levels, it&#8217;s almost certain that it would drop past the 0-day EMA at 0.8594, with sellers eyeing the July 10 high at 0.8584, followed by the year-to-date (YTD) low of 0.8504.<\/p>\n<p>Conversely, if EUR\/GBP breaks above 0.8700, the EUR\/GBP&#8217;s next resistance level would be the May 11 high at 0.8734, followed by a resistance trendline drawn from the YTD high at 0.8978 that passes at around 0.8740\/50.  A breach of the latter would expose the 0.8800 mark.<\/p>\n<h3 class=\"fxs_headline_medium\">EUR\/GBP Price Action \u2013 Daily chart<\/h3>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-638255734250199905.png\"><\/a><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: EUR\/GBP fails to break decisively above the 100 and 200-day EMAs at 0.8664 and 0.8679, respectively, after hitting a two-month high at 0.8700. If EUR\/GBP pulls back, support levels emerge at 50-day EMA at 0.8619, 0.8600, 20-day EMA at 0.8594, and July 10 high at 0.8584. A break above 0.8700 will set sights on [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":23971,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,298,257,276,927,255,250,252,247,253,249,308,256,254],"class_list":["post-125991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-crosses","tag-cryptocurrency","tag-currencies","tag-eurgbp","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\/125991","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=125991"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/125991\/revisions"}],"predecessor-version":[{"id":125992,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/125991\/revisions\/125992"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/23971"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=125991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=125991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=125991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}