{"id":275180,"date":"2024-04-01T11:11:07","date_gmt":"2024-04-01T05:41:07","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=275180"},"modified":"2024-04-01T11:11:07","modified_gmt":"2024-04-01T05:41:07","slug":"maintains-position-below-the-psychological-level-of-1-0800-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/maintains-position-below-the-psychological-level-of-1-0800-crypto-news\/","title":{"rendered":"Maintains position below the psychological level of 1.0800 &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>EUR\/USD holds its position after trimming daily gains on Monday.<\/strong><\/li>\n<li><strong>Technical analysis suggests a possible confirmation of bearish momentum for the pair.<\/strong><\/li>\n<li><strong>A break above the 1.0800 level could lead the pair to test a 23.6% Fibonacci retracement level of 1.0818 and the nine-day EMA at 1.0820.<\/strong><\/li>\n<\/ul>\n<p>EUR\/USD pares intraday gains, trading higher around 1.0780 during the Asian session on Monday. The pair could find the key resistance at the psychological mark of 1.0800.<\/p>\n<p>A breakthrough above this barrier could lead <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/eurusd\" data-fxs-autoanchor=\"\">the EUR\/USD pair<\/a> to explore the region around the 23.6% Fibonacci retracement level of 1.0818 and the nine-day Exponential Moving Average (EMA) at 1.0820. Further resistance lies at the major level of 1.0850, following the psychological resistance at 1.0900.<\/p>\n<p>Technical analysis suggests a bearish sentiment for the EUR\/USD pair. The 14-day Relative Strength Index (RSI) is positioned below the 50 mark, indicating weakness in buying momentum.<\/p>\n<p>Additionally, the Moving Average Convergence Divergence (MACD) shows a divergence below the signal line and remains below the centerline. Although a lagging indicator, this alignment indicates a confirmation of the bearish momentum for the EUR\/USD pair.<\/p>\n<p>On the downside, immediate support appears at March\u2019s low of 1.0767, followed by the major support at 1.0750. A break below this level could lead the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/eurusd?\" data-fxs-autoanchor=\"\">EUR\/USD<\/a> pair to navigate the area around the psychological level of 1.0700.<\/p>\n<h2 class=\"fxs_headline_medium\">EUR\/USD: Daily Chart<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/_EUR_USD_2024-04-01_10-55-56-638475459481154762.png\"><\/a><\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>EUR\/USD holds its position after trimming daily gains on Monday. Technical analysis suggests a possible confirmation of bearish momentum for the pair. A break above the 1.0800 level could lead the pair to test a 23.6% Fibonacci retracement level of 1.0818 and the nine-day EMA at 1.0820. EUR\/USD pares intraday gains, trading higher around 1.0780 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2168,"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-275180","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\/275180","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=275180"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/275180\/revisions"}],"predecessor-version":[{"id":275181,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/275180\/revisions\/275181"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/2168"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=275180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=275180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=275180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}