{"id":324347,"date":"2024-06-15T23:22:48","date_gmt":"2024-06-15T17:52:48","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=324347"},"modified":"2024-06-15T23:22:48","modified_gmt":"2024-06-15T17:52:48","slug":"slips-below-169-00-amid-political-turmoil-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/slips-below-169-00-amid-political-turmoil-crypto-news\/","title":{"rendered":"Slips below 169.00 amid political turmoil &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>EUR\/JPY trades at 168.43, marking the second consecutive day of losses due to political uncertainty in France.<\/strong><\/li>\n<li><strong>Technical outlook: Consolidation below 170.00 with potential further losses if price drops below the 50-DMA at 167.47.<\/strong><\/li>\n<li><strong>Key support levels: Kumo bottom at 165.92 and 100-DMA at 164.78, indicating acceleration of the downtrend if breached.<\/strong><\/li>\n<\/ul>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/eurusd\" data-fxs-autoanchor=\"\">The Euro<\/a> tumbled for the second straight day against the Japanese Yen due to political uncertainty. France&#8217;s presidential approvals plunged to their lowest level in five years ahead of the General Elections. The EUR\/JPY trades at 168.43, down 0.08%.<\/p>\n<h2 class=\"fxs_headline_medium\">EUR\/JPY Price Analysis: Technical outlook<\/h2>\n<p>After peaking around 170.00, EUR\/JPY has consolidated below this level but remains above the Ichimoku Cloud (Kumo), which would accelerate the downtrend if breached.<\/p>\n<p>The Relative Strength Index (RSI) indicates that sellers are gaining momentum as it falls below the 50-line, suggesting that EUR\/JPY could face further losses.<\/p>\n<p>If EUR\/JPY drops below the 50-day moving average (DMA) of 167.47, it could trigger a decline into the Kumo, signaling an acceleration of the downtrend. The next support would be the bottom of the Kumo at 165.92, followed by the 100-DMA at 164.78.<\/p>\n<h2 class=\"fxs_headline_medium\">EUR\/JPY Price Action &#8211; Daily Chart<\/h2>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-638539993223676045.png\"><\/a><\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>EUR\/JPY trades at 168.43, marking the second consecutive day of losses due to political uncertainty in France. Technical outlook: Consolidation below 170.00 with potential further losses if price drops below the 50-DMA at 167.47. Key support levels: Kumo bottom at 165.92 and 100-DMA at 164.78, indicating acceleration of the downtrend if breached. The Euro tumbled [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":13389,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,298,257,276,951,255,250,252,247,253,249,308,256,254],"class_list":["post-324347","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-crosses","tag-cryptocurrency","tag-currencies","tag-eurjpy","tag-gta","tag-looks-rare","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\/324347","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=324347"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/324347\/revisions"}],"predecessor-version":[{"id":324351,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/324347\/revisions\/324351"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/13389"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=324347"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=324347"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=324347"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}