{"id":263406,"date":"2024-03-12T12:35:31","date_gmt":"2024-03-12T07:05:31","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=263406"},"modified":"2024-03-12T12:35:31","modified_gmt":"2024-03-12T07:05:31","slug":"the-bullish-outlook-remains-intact-above-the-1-0900-mark-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/the-bullish-outlook-remains-intact-above-the-1-0900-mark-crypto-news\/","title":{"rendered":"The bullish outlook remains intact above the 1.0900 mark &#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 trades on a stronger note near 1.0937 ahead of German February CPI inflation data.\u00a0<\/strong><\/li>\n<li><strong>The positive outlook of the pair remains unchanged above the key EMA; RSI indicator holds above the 50-midline.\u00a0<\/strong><\/li>\n<li><strong>The first upside barrier is seen at 1.0965; the key support level will emerge at the 1.0895\u20131.0955 zone.\u00a0<\/strong><\/li>\n<\/ul>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" data-fxs-autoanchor=\"\" href=\"https:\/\/www.fxstreet.com\/currencies\/eurusd\">The EUR\/USD pair<\/a> gains momentum below the mid-1.0900s during the early European trading hours on Tuesday. Investors await the German <a rel=\"nofollow noopener\" target=\"_blank\" data-fxs-autoanchor=\"\" href=\"https:\/\/www.fxstreet.com\/news\/us-cpi-data-preview-headline-inflation-seen-steady-in-february-on-increasing-gas-prices-core-to-decline-202403120300\">Consumer Price Index<\/a> (CPI) data for February, which is expected to remain steady at 0.4% MoM and 2.5% YoY in February. Furthermore, the Harmonized Index of Consumer Prices (HICP) is <a rel=\"nofollow noopener\" target=\"_blank\" data-fxs-autoanchor=\"\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/forecast\">forecast<\/a> to remain unchanged at 0.6% MoM and 2.7% YoY. At press time, EUR\/USD is trading at 1.0937, up 0.11% on the day.\u00a0<\/p>\n<p>According to the four-hour <a rel=\"nofollow noopener\" target=\"_blank\" data-fxs-autoanchor=\"\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/chart\">chart<\/a>, EUR\/USD keeps the bullish vibe unchanged as the major pair is above the key 50- and 100-period Exponential Moving Averages (EMA) with an upward slope. Additionally, the Relative Strength Index (RSI), which stands in bullish territory above the 50-midline, supports the buyers for the time being.\u00a0<\/p>\n<p>On the bright side, the upper boundary of the Bollinger Band at 1.0965 acts as an immediate resistance level for EUR\/USD. Any follow-through buying above this level will see a rally to a high of March 8 at 1.0981. The\u00a0key upside barrier is seen at the 1.1000 mark, representing a psychological level and a high of January 11. The next hurdle is located at a high of December 22 at 1.1040.<\/p>\n<p>On the flip side, the critical support level for a major pair will emerge at the 1.0895\u20131.0905 region, portraying the confluence of the 50-period EMA and the lower limit of the Bollinger Band. Further south, the next contention level to watch is the 100-period EMA at 1.0865, followed by a round mark and a low of February 22 at 1.0800.\u00a0<\/p>\n<h2 class=\"fxs_headline_medium\"><strong>EUR\/USD four-hour chart\u00a0<\/strong><\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/EUR_USD (9)-638458205405750649.png\"><\/a><\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: EUR\/USD trades on a stronger note near 1.0937 ahead of German February CPI inflation data.\u00a0 The positive outlook of the pair remains unchanged above the key EMA; RSI indicator holds above the 50-midline.\u00a0 The first upside barrier is seen at 1.0965; the key support level will emerge at the 1.0895\u20131.0955 zone.\u00a0 The EUR\/USD pair [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5258,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,433,255,250,277,252,247,253,249,308,256,254],"class_list":["post-263406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","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\/263406","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=263406"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/263406\/revisions"}],"predecessor-version":[{"id":263407,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/263406\/revisions\/263407"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/5258"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=263406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=263406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=263406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}