{"id":299131,"date":"2024-05-10T10:56:51","date_gmt":"2024-05-10T05:26:51","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=299131"},"modified":"2024-05-10T10:56:51","modified_gmt":"2024-05-10T05:26:51","slug":"the-crucial-resistance-level-will-emerge-at-the-1-0790-1-0800-region-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/the-crucial-resistance-level-will-emerge-at-the-1-0790-1-0800-region-crypto-news\/","title":{"rendered":"The crucial resistance level will emerge at the 1.0790\u20131.0800 region &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>EUR\/USD weakens to 1.0775 on the firmer USD on Friday.<\/strong><\/li>\n<li><strong>The pair keeps the bearish vibe below the key EMA on the daily timeframe.\u00a0<\/strong><\/li>\n<li><strong>The\u00a0key\u00a0resistance level will emerge in the 1.0790\u20131.0800 zone; the first downside target\u00a0is\u00a0located\u00a0at\u00a01.0724.<\/strong><\/li>\n<\/ul>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/eurusd\" data-fxs-autoanchor=\"\">The EUR\/USD pair<\/a> trades on a softer note near 1.0775 during the early European hours on Friday. The downtick of the\u00a0major\u00a0pair\u00a0is supported\u00a0by the renewed US Dollar (USD) demand amid hawkish comments from Federal Reserve (Fed) officials. Later on Friday, the US Michigan Consumer Sentiment Index for May will\u00a0be released,\u00a0which\u00a0is\u00a0projected\u00a0to drop from 77.2 in April to 76.0 in May.\u00a0<\/p>\n<p>According to the daily <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/chart\" data-fxs-autoanchor=\"\">chart<\/a>, EUR\/USD has traded within a descending trend channel since mid-December 2023. The bearish <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/forecast\" data-fxs-autoanchor=\"\">outlook<\/a> of the\u00a0major\u00a0pair remains intact, as it is below the\u00a0key\u00a0100-period Exponential Moving Average (EMA). However, the 14-day Relative Strength Index (RSI) stands in bullish territory around 55, indicating that further upside cannot\u00a0be ruled out.\u00a0<\/p>\n<p>The\u00a0key\u00a0resistance level for EUR\/USD will emerge at the 1.0790\u20131.0800 region, portraying the 100-day EMA and the upper boundary of the descending trend channel. The\u00a0next upside barrier\u00a0is\u00a0seen\u00a0near a high of April 9 at 1.0885. The additional upside filter to watch is a high of March 21 at 1.0943, followed by March 8 at 1.0981, and\u00a0finally\u00a0the 1.1000 psychological level. \u00a0<\/p>\n<p>On the downside, the first downside target\u00a0is located\u00a0near a low of May 9 at 1.0724.\u00a0Extended losses for EUR\/USD expose the pair to a low of May 2 at 1.0650, en route to\u00a0a low of April 16 at 1.0600.\u00a0A break below this level will see a drop to the lower limit of the descending trend channel at 1.0500.\u00a0\u00a0<\/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_2024-05-10_12-09-22-638509146541642758.png\"><\/a><\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>EUR\/USD weakens to 1.0775 on the firmer USD on Friday. The pair keeps the bearish vibe below the key EMA on the daily timeframe.\u00a0 The\u00a0key\u00a0resistance level will emerge in the 1.0790\u20131.0800 zone; the first downside target\u00a0is\u00a0located\u00a0at\u00a01.0724. The EUR\/USD pair trades on a softer note near 1.0775 during the early European hours on Friday. The downtick [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":6054,"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-299131","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\/299131","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=299131"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/299131\/revisions"}],"predecessor-version":[{"id":299132,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/299131\/revisions\/299132"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/6054"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=299131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=299131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=299131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}