{"id":192878,"date":"2023-11-13T23:47:39","date_gmt":"2023-11-13T18:17:39","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=192878"},"modified":"2023-11-13T23:47:39","modified_gmt":"2023-11-13T18:17:39","slug":"eur-usd-shuffling-ahead-of-tuesdays-eu-gdp-us-cpi-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/eur-usd-shuffling-ahead-of-tuesdays-eu-gdp-us-cpi-crypto-news\/","title":{"rendered":"EUR\/USD shuffling ahead of Tuesday&#8217;s EU GDP, US CPI &#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 is cycling, looking for gains ahead of Tuesday&#8217;s data dump.<\/strong><\/li>\n<li><strong>Monday action remains thin, with little on the economic calendar.<\/strong><\/li>\n<li><strong>Markets hoping for a flat EU GDP reading, US CPI expected to decline slightly.<\/strong><\/li>\n<\/ul>\n<p>The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/eurusd?\">EUR\/USD<\/a> is drifting in light Monday trading ahead of Tuesday&#8217;s headline data drop featuring EU Gross Domestic Product (GDPO) and US Consumer <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/economic-calendar\/united-states\">Price Index<\/a> (CPI) inflation figures.<\/p>\n<p>The Euro (EUR) ground to an intraday low of 1.0665 before catching a mild rebound into 1.0705 as the pair bounces around familiar levels.<\/p>\n<p>Markets are thin for a relaxed Monday with little of note on the economic calendar, and investors are welcoming the breather before the economic calendar turns hectic this week.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/news\/us-cpi-preview-forecasts-from-seven-major-banks-still-to-the-high-side-of-the-feds-target-202311131559\">US CPI Preview: Forecasts from seven major banks, still to the high side of the Fed\u2019s target<\/a><\/p>\n<p>EU GDP for the 3rd quarter is broadly expected to hold steady at previous readings, with the headline growth measure forecast to print at -0.1%. Decelerating economic growth is expected to be highlighted with the annualized growth figure forecast at 0.1%.<\/p>\n<p>On the US inflation side, headline monthly CPI is expected to decline to 0.1% for October compared to September&#8217;s 0.4%, and Core CPI (headline CPI less volatile food and energy prices) is forecast to print steady at 0.3% for the same period.<\/p>\n<h2 class=\"fxs_headline_medium\">EUR\/USD Technical Outlook<\/h2>\n<p>The Euro is seeing a near-term rejection from a descending intraday trendline from last week&#8217;s early peak near 1.0755, and near-term action is seeing technical support from the 1.0670 region.<\/p>\n<p>Hourly candles are seeing further support from the 200-hour Simple Moving Average (SMA) currently rising into 1.0675, and further downside set to see challenges from early November&#8217;s swing low into 1.0520.<\/p>\n<h2 class=\"fxs_headline_medium\">EUR\/USD Hourly 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 is cycling, looking for gains ahead of Tuesday&#8217;s data dump. Monday action remains thin, with little on the economic calendar. Markets hoping for a flat EU GDP reading, US CPI expected to decline slightly. The EUR\/USD is drifting in light Monday trading ahead of Tuesday&#8217;s headline data drop featuring EU Gross Domestic [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":34607,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,842,257,276,433,255,250,252,247,253,249,256,254],"class_list":["post-192878","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-currencies","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\/192878","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=192878"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/192878\/revisions"}],"predecessor-version":[{"id":192879,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/192878\/revisions\/192879"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/34607"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=192878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=192878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=192878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}