{"id":137444,"date":"2023-09-02T05:48:01","date_gmt":"2023-09-02T00:18:01","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=137444"},"modified":"2023-09-02T05:48:01","modified_gmt":"2023-09-02T00:18:01","slug":"skids-past-key-emas-as-sellers-eye-0-8500-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/skids-past-key-emas-as-sellers-eye-0-8500-crypto-news\/","title":{"rendered":"Skids past key EMAs, as sellers eye 0.8500 &#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 slips past 50 and 20-day EMAs, reflecting increased bearish sentiment, trading 0.14% below the opening.<\/strong><\/li>\n<li><strong>EUR\/GBP\u2019s breaking daily EMAs and one-month-old support trendline, deeper losses loom for the cross as sellers gain momentum.<\/strong><\/li>\n<li><strong>A close below 0.8600 could accelerate the slide toward July 27 swing low, with a focus on the year\u2019s lowest point. Immediate resistance at 0.8600-0.8610 zone.<\/strong><\/li>\n<\/ul>\n<p>The EUR\/GBP dropped for the third consecutive day, extending its losses past the 50 and 20-day Exponential Moving Averages (EMAs), the last time seen each at 0.8610 and 0.8603. At the time of writing, the EUR\/GBP is trading at 0.8582, below its opening price by 0.14%.<\/p>\n<h2 class=\"fxs_headline_medium\">EUR\/GBP Price Analysis: Technical outlook<\/h2>\n<p>The EUR\/GBP is trading sideways, slightly tilted to the downside, after prices fell below all the daily Exponential Moving Averages (EMAs), opening the door for further losses. Notably, the EUR\/GBP fell to a new two-week low, and on its way down, it has broken a one-month-old support trendline drawn from the yearly lows, suggesting that sellers are gathering momentum.<\/p>\n<p>If EUR\/GBP achieves a daily close below 0.8600, the cross could extend its downtrend to the July 27 swing low of 0.8544 before challenging the year-to-date (YTD) low of 0.8504.<\/p>\n<p>On the flip side, if EUR\/GBP buyers reclaim 0.8600, the first resistance levels would be the 0.8601\/10 area, followed by the 100-day EMA at 0.8646.<\/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-638277192813278795.png\"><\/a><\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: EUR\/GBP slips past 50 and 20-day EMAs, reflecting increased bearish sentiment, trading 0.14% below the opening. EUR\/GBP\u2019s breaking daily EMAs and one-month-old support trendline, deeper losses loom for the cross as sellers gain momentum. A close below 0.8600 could accelerate the slide toward July 27 swing low, with a focus on the year\u2019s lowest [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":47143,"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-137444","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\/137444","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=137444"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/137444\/revisions"}],"predecessor-version":[{"id":137445,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/137444\/revisions\/137445"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/47143"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=137444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=137444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=137444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}