{"id":162601,"date":"2023-09-26T00:47:41","date_gmt":"2023-09-25T19:17:41","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=162601"},"modified":"2023-09-26T00:47:41","modified_gmt":"2023-09-25T19:17:41","slug":"eur-usd-looking-to-recover-balance-near-1-06-after-slipping-to-1-0575-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/eur-usd-looking-to-recover-balance-near-1-06-after-slipping-to-1-0575-crypto-news\/","title":{"rendered":"EUR\/USD looking to recover balance near 1.06 after slipping to 1.0575 &#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>The EUR\/USD skidded to a Monday low of 1.0575 as the Euro slips and the Greenback steps higher.<\/strong><\/li>\n<li><strong>US Dollar Index is broadly higher across the board to kick off the new trading week.<\/strong><\/li>\n<li><strong>ECB&#8217;s Lagarde pulls the rug out from under the Euro on &#8220;further weakness in economic activity.<\/strong><\/li>\n<\/ul>\n<p>The EUR\/USD fell off of recent action to settle\u00a0at\u00a0a fresh six-month low at the 1.0660 handle. Broadbase US Dollar (USD) support is helping to exacerbate Euro (EUR) declines sparked by dovish central bank comments coming out of Europe on Monday.<\/p>\n<p>The European Central Bank&#8217;s (ECB) President <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/eurusd\">Christine Lagarde<\/a> hit newswires on Monday, noting lagging job growth, broadly weaker economic activity, and an overall decline in momentum.<\/p>\n<p>Despite recent declines in inflation, the ECB&#8217;s President Lagarde noted that inflation is expected to remain &#8220;too high for too long&#8221;, but the ECB is evidently unable to do anything to help assuage those forecasts, with an uneven domestic economy for the pan-European region threatening to tip over into recession if the ECB raises <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/rates\">rates<\/a> too much.<\/p>\n<p><strong>Read more:\u00a0<\/strong><\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/lagarde-speech-recent-indicators-point-to-further-weakness-in-third-quarter-202309251305\">Lagarde speech: Recent indicators point to further weakness in third quarter<\/a><\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/lagarde-speech-recession-is-not-part-of-baseline-202309251458\">Lagarde speech: Recession is not part of baseline<\/a><\/p>\n<h2 class=\"fxs_headline_medium\">Economic Calendar looking thin until Friday&#8217;s key data drop<\/h2>\n<p>The later end of the trading week sees Consumer Price Index (CPI) figures for both the EU and the US slated for Friday, but the midweek is a nominally lighter affair.<\/p>\n<p>The US will see Personal Consumption Expenditure (PCE) figures on Thursday, as well as <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\/united-states\">Gross Domestic Product<\/a> (GDP) numbers. Annualized GDP for the US&#8217; second quarter is expected to improve from 2.1% to 2.3%.<\/p>\n<h2 class=\"fxs_headline_medium\">EUR\/USD technical outlook<\/h2>\n<p>Intraday action sees the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/eurusd?\">EUR\/USD<\/a> sharply off near-term swing highs near 1.0670, tumbling 0.76% peak-to-trough on Monday.<\/p>\n<p>The Euro slipped to a fresh six-month low\u00a0 of 1.0575 against the US Dollar, and rebound bids are struggling to regain the 1.06000 handle.<\/p>\n<p>On daily candlesticks, a bearish trend is firmly baked in, with a declining trendline from July&#8217;s swing high near 1.1200.<\/p>\n<p>The 200-day Simple Moving Average (SMA) is turning bearish just north of 1.0800, and the 34-day Exponential Moving Average (EMA) is accelerating into a bearish cross, providing technical resistance from 1.0750.<\/p>\n<h2 class=\"fxs_headline_medium\">EUR\/USD daily chart<\/h2>\n<\/p>\n<h2 class=\"fxs_headline_medium\">EUR\/USD technical levels<\/h2>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: The EUR\/USD skidded to a Monday low of 1.0575 as the Euro slips and the Greenback steps higher. US Dollar Index is broadly higher across the board to kick off the new trading week. ECB&#8217;s Lagarde pulls the rug out from under the Euro on &#8220;further weakness in economic activity. The EUR\/USD fell off [&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":[201,248,251,246,842,257,825,433,255,250,252,247,253,249,256,254],"class_list":["post-162601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cpi","tag-cryptocurrency","tag-ecb","tag-eurusd","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/162601","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=162601"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/162601\/revisions"}],"predecessor-version":[{"id":162602,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/162601\/revisions\/162602"}],"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=162601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=162601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=162601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}