{"id":188755,"date":"2023-11-07T11:39:06","date_gmt":"2023-11-07T06:09:06","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=188755"},"modified":"2023-11-07T11:39:06","modified_gmt":"2023-11-07T06:09:06","slug":"aims-to-break-below-the-major-level-at-1-0700-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/aims-to-break-below-the-major-level-at-1-0700-crypto-news\/","title":{"rendered":"Aims to break below the major level at 1.0700 &#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\/USD could revisit the eight-week high at 1.0756.<\/strong><\/li>\n<li><strong>Euro could gain ground as the MACD line shows divergence above the signal line.<\/strong><\/li>\n<li><strong>A break below the psychological support at 1.0700 could push the pair to go under the region near mid-1.0600.<\/strong><\/li>\n<\/ul>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/eurusd?\">EUR\/USD<\/a> losses ground for the second successive day, trading lower near 1.0710 aligned with the psychological support level at 1.0700 during the Asian session on Tuesday.<\/p>\n<p>A firm break below the latter could inspire the bears of the EUR\/USD pair to navigate the support region around the mid-1.0600 and the 14-day Exponential Moving Average (EMA) at the 1.0631 level.<\/p>\n<p>However, European Central Bank (ECB) President Christine Lagarde&#8217;s hawkish remarks over the weekend could provide help to the EUR\/USD pair to limit the downside.<\/p>\n<p>The EUR\/USD pair might gain upward momentum, considering the 14-day Relative Strength Index (RSI) positioned above the 50 level. This indicates bullish momentum and reflects a bias toward a stronger <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/technical-analysis\/sentiment\">market sentiment<\/a>.<\/p>\n<p>The Moving Average Convergence Divergence (MACD) line positions above the centerline and shows the divergence above the signal line implying a potential bullish momentum. The bulls could support the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/eurusd\">EUR\/USD pair<\/a> to revisit the eight-week high marked recently at 1.0756 followed by the 38.2% Fibonacci retracement at 1.0764 level.<\/p>\n<p>EUR\/USD: Daily Chart<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-638349334100932735.png\"><\/a><\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: EUR\/USD could revisit the eight-week high at 1.0756. Euro could gain ground as the MACD line shows divergence above the signal line. A break below the psychological support at 1.0700 could push the pair to go under the region near mid-1.0600. EUR\/USD losses ground for the second successive day, trading lower near 1.0710 aligned [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":9583,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,841,433,255,250,277,252,247,253,249,308,256,254],"class_list":["post-188755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-eurozone","tag-eurusd","tag-gta","tag-looks-rare","tag-majors","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\/188755","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=188755"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/188755\/revisions"}],"predecessor-version":[{"id":188756,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/188755\/revisions\/188756"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/9583"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=188755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=188755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=188755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}