{"id":287973,"date":"2024-04-23T11:29:03","date_gmt":"2024-04-23T05:59:03","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=287973"},"modified":"2024-04-23T11:29:03","modified_gmt":"2024-04-23T05:59:03","slug":"tests-the-major-level-of-1-0650-followed-by-the-nine-day-ema-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/tests-the-major-level-of-1-0650-followed-by-the-nine-day-ema-crypto-news\/","title":{"rendered":"Tests the major level of 1.0650; followed by the nine-day EMA &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>EUR\/USD remains tepid around the major level amid a bearish sentiment.<\/strong><\/li>\n<li><strong>A breach below the 1.0600 level may lead the pair toward November\u2019s low at 1.0517.<\/strong><\/li>\n<li><strong>The nine-day EMA at 1.0675 appears as the immediate barrier.<\/strong><\/li>\n<\/ul>\n<p>EUR\/USD remains lackluster during the Asian trading hours on Tuesday, hovering near 1.0650. From a technical perspective, analysis suggests a bearish sentiment for the pair as it struggles below the pullback resistance at the 1.0695 level. The 14-day Relative Strength Index (RSI) also remains below the 50 mark.<\/p>\n<p>Moreover, the lagging indicator, Moving Average Convergence Divergence (MACD), indicates weakness for <a rel=\"nofollow noopener\" target=\"_blank\" data-fxs-autoanchor=\"\" href=\"https:\/\/www.fxstreet.com\/currencies\/eurusd\">the EUR\/USD pair<\/a> as it resides below the centerline and the signal line. Key support for the pair could be found around the psychological level of 1.0600.<\/p>\n<p>A breach below this level may exert downward pressure on the pair, leading it towards the region around the major support level of 1.0550, followed by November\u2019s low at 1.0517.<\/p>\n<p>On the upside, the immediate barrier for the EUR\/USD pair could be the nine-day Exponential Moving Average (EMA) at 1.0675. A breakthrough above this level could lead the pair to reach the 1.0695 level, aligning with the 23.6% Fibonacci retracement level drawn between 1.0981 and 1.0606.<\/p>\n<p>Further resistance aligns with the psychological level of 1.0700. A breakthrough above this region could potentially strengthen the recovery sentiment for the pair.<\/p>\n<h3 class=\"fxs_headline_small\">EUR\/USD: Daily Chart<\/h3>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/_EUR_USD_2024-04-23_11-15-46-638494479441253274.png\"><\/a><\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>EUR\/USD remains tepid around the major level amid a bearish sentiment. A breach below the 1.0600 level may lead the pair toward November\u2019s low at 1.0517. The nine-day EMA at 1.0675 appears as the immediate barrier. EUR\/USD remains lackluster during the Asian trading hours on Tuesday, hovering near 1.0650. From a technical perspective, analysis suggests [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":16514,"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-287973","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\/287973","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=287973"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/287973\/revisions"}],"predecessor-version":[{"id":287974,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/287973\/revisions\/287974"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/16514"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=287973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=287973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=287973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}