{"id":331599,"date":"2024-06-26T17:40:44","date_gmt":"2024-06-26T12:10:44","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=331599"},"modified":"2024-06-26T17:40:44","modified_gmt":"2024-06-26T12:10:44","slug":"markets-are-sidelining-ahead-of-a-major-event-ocbc-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/markets-are-sidelining-ahead-of-a-major-event-ocbc-crypto-news\/","title":{"rendered":"Markets are sidelining ahead of a major event \u2013 OCBC &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>The main focus for the Euro (EUR) is on French elections in the short term. The concern is still on potential fiscal direction far-right parties may be taking and if the \u2018cohabitation\u2019 outcome comes into play, OCBC analysts Frances Cheung and Christopher Wong note.<\/p>\n<h2 class=\"fxs_headline_medium\">French election weighs on the market<\/h2>\n<p>\u201cKnee-jerk impact on EUR can vary but is likely to be skewed to the downside, unless outcome surprises with Macron\u2019s Ensemble coalition winning a larger share. The other swing surprise that would be outright negative for EUR would be a &gt;50% win for either the far right or leftist coalition (not our base case).\u201d<\/p>\n<p>\u201cEUR was last at 1.0682. Bearish momentum on daily chart shows signs of fading while RSI rose slightly. Some risks to the upside but 2-way trades still likely ahead of French election risks.\u201d<\/p>\n<p>\u201cSupport at 1.0660\/70 levels (recent low) before 1.06 levels. Resistance at 1.0770 (50 DMA), 1.0810 (38.2% fibo retracement of 2024 high to low, 100 DMA).\u201d<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The main focus for the Euro (EUR) is on French elections in the short term. The concern is still on potential fiscal direction far-right parties may be taking and if the \u2018cohabitation\u2019 outcome comes into play, OCBC analysts Frances Cheung and Christopher Wong note. French election weighs on the market \u201cKnee-jerk impact on EUR can [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5276,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,433,255,250,252,247,253,249,256,254],"class_list":["post-331599","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-banks","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-eurusd","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/331599","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=331599"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/331599\/revisions"}],"predecessor-version":[{"id":331602,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/331599\/revisions\/331602"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/5276"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=331599"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=331599"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=331599"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}