Lagarde speech: There is more policy lag in pipeline from past hikes<\/a><\/p>\nEuropean Industrial Production came in mixed early Friday; month-over-month Industrial Production for August clocked in at 0.6%, a healthy gain over the forecast 0.1% and a firm bounce against the previous reading of -1.1%, but the annualized figure broadly missed the mark, printing at -5.5% versus the forecast -3.5% and extending the backslide from the last print of -2.2%.<\/p>\n
The Euro (EUR) has softened against the US Dollar (USD), but a downside miss for the Michigan Consumer Sentiment Index is limiting downside for the EUR\/USD. Consumer sentiment came in at just 63, below the forecast 67.4 and steepening the drop from the previous 68.1.<\/p>\n
With the Euro dropping into the 1.05 handle, investors will be turning their eyes to the US Retail Sales data slated to drop next Tuesday at 12:30 GMT.<\/p>\n
EUR\/USD Technical Outlook<\/h2>\n
Intraday action has the EUR\/USD accelerating away from the 200-hour Simple Moving Average (SMA) after failing to stage a rebound into the 1.0550 region, and the pair is set to close out the trading week within twenty pips of last week’s swing low into 1.0482.<\/p>\n
On the daily candles, the EUR\/USD is getting rejected from a descending trendline, and facing further bearish momentum after failing to capture the 1.0600 handle. The pair remains firmly bearish, with the 50-day SMA declining past 1.0750, and the Euro remains down almost 7% from July’s peak of 1.1275.<\/p>\n
EUR\/USD Hourly Chart<\/h2>\n<\/p>\nEUR\/USD Daily Chart<\/h2>\n
![\"\"](\"https:\/\/editorial.fxstreet.com\/miscelaneous\/EUR_USD-638328143538731756.png\")
<\/p>\n
EUR\/USD Technical Levels<\/h2>\n
\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Share: EUR\/USD sees continued selling pressure into the week’s end, tapping the 1.0500 major level. European Industrial Production figures came in mixed, and the ECB’s Lagarde reaffirmed a tight policy stance. A miss for US consumer sentiment is capping upside gains for the US Dollar, limiting Euro losses. The EUR\/USD pinged 1.0500 in Friday’s downside […]<\/p>\n","protected":false},"author":2,"featured_media":5276,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,276,825,433,255,250,252,247,253,249,256,254],"class_list":["post-174481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-currencies","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\/174481","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=174481"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/174481\/revisions"}],"predecessor-version":[{"id":174483,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/174481\/revisions\/174483"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/5276"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=174481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=174481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=174481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}