{"id":141436,"date":"2023-09-01T21:32:49","date_gmt":"2023-09-01T16:02:49","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=141436"},"modified":"2023-09-01T21:32:49","modified_gmt":"2023-09-01T16:02:49","slug":"climbs-after-hitting-ytd-low-below-0-8500-oscillates-around-0-8540s-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/climbs-after-hitting-ytd-low-below-0-8500-oscillates-around-0-8540s-crypto-news\/","title":{"rendered":"Climbs after hitting YTD low below 0.8500, oscillates around 0.8540s &#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 rebounds from a YTD low of 0.8492 to trade at 0.8542, gaining 0.28%, but remains below crucial moving averages.<\/strong><\/li>\n<li><strong>The intraday outlook is neutral; a daily close above the August 22 high of 0.8545 could signal a move toward 0.8600.<\/strong><\/li>\n<li><strong>Sellers could target the 0.8500 level if the pair closes below 0.8545; further downside is expected below that mark.<\/strong><\/li>\n<\/ul>\n<p>EUR\/GBP currency pair is showing a neutral to downward bias as it hovers below both the 50 and 200-day Moving Averages (DMAs), according to the daily <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/chart\">chart<\/a>. Despite hitting a new year-to-date low of 0.8492, the pair saw buyers step in to reclaim the 0.8500 level, sparking a modest recovery towards the current exchange rate at around 0.8542, for a gain of 0.28%.<\/p>\n<h2 class=\"fxs_headline_medium\">EUR\/GBP Price Analysis: Technical outlook<\/h2>\n<p>The EUR\/GBP daily chart portrays the pair as neutral to downward biased, with the EUR\/GBP standing below the 50 and 200-day Moving Averages (DMAs). It should be noted the EUR\/GBP printed a new year-to-date (YTD) low of 0.8492, but buyers moved in and reclaimed the 0.8500 figure, spurring a recovery toward the 0.8540 area.<\/p>\n<p>From an intraday perspective, the EUR\/GBP hourly chart is neutral-biased, but it could turn upwards if the EUR\/GBP achieves a daily close above the August 22 daily high of 0.8545. Once done, the EUR\/GBP could test the 200-hour Moving Average (HMA) at 0.8561, followed by the current week\u2019s high of 0.8565. A breach of the latter and the EUR\/GBP could test the 0.8600.<\/p>\n<p>Otherwise, if EUR\/GBP registers a daily close below 0.8545, sellers could eye a test of the 0.8500 mark. Further downside is expected below that level.<\/p>\n<h3 class=\"fxs_headline_medium\">EUR\/GBP Price Action \u2013 Hourly chart<\/h3>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-638284149126107304.png\"><\/a><\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: EUR\/GBP rebounds from a YTD low of 0.8492 to trade at 0.8542, gaining 0.28%, but remains below crucial moving averages. The intraday outlook is neutral; a daily close above the August 22 high of 0.8545 could signal a move toward 0.8600. Sellers could target the 0.8500 level if the pair closes below 0.8545; further [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6866,"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-141436","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\/141436","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=141436"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/141436\/revisions"}],"predecessor-version":[{"id":141437,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/141436\/revisions\/141437"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/6866"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=141436"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=141436"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=141436"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}