{"id":341230,"date":"2024-07-10T14:00:12","date_gmt":"2024-07-10T08:30:12","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=341230"},"modified":"2024-07-10T14:03:37","modified_gmt":"2024-07-10T08:33:37","slug":"risk-of-breaking-above-1-0850-increases-uob-group-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/risk-of-breaking-above-1-0850-increases-uob-group-crypto-news\/","title":{"rendered":"Risk of breaking above 1.0850 increases \u2013 UOB Group &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>The Euro (EUR) is expected to continue to trade in a range, probably between 1.0800 and 1.0840. Risk of EUR breaking above 1.0850 has increased, albeit moderately, UOB Group FX strategists Quek Ser Leang and Peter Chia note.<\/p>\n<h2 class=\"fxs_headline_medium\">Next level to watch above 1.0850 is 1.0915<\/h2>\n<p>24-HOUR VIEW: \u201cYesterday, we pointed out that \u2018momentum <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/indicators\" data-fxs-autoanchor=\"\">indicators<\/a> are turning flat,\u2019 and we expected EUR to trade in a 1.0795\/1.0845 range. EUR then traded in a relatively narrow range between 1.0804 and 1.0833, closing at 1.0812 (-0.09%). The quiet price action provides no fresh clues, and we continue to expect EUR to trade in a range, probably between 1.0800 and 1.0840.\u201d<\/p>\n<p>1-3 WEEKS VIEW: \u201cLast Thursday (04 Jul, spot at 1.0785), we indicated that \u2018while the increase in momentum suggests further EUR strength, it is too early to determine if it can reach the major resistance at 1.0850.\u2019 After EUR rose, we indicated on Monday (08 Jul, spot at 1.0825) that \u2018the risk of EUR breaking above 1.0850 has increased, albeit moderately.\u2019 EUR traded in a quiet manner yesterday, and there is no change in our view. Overall, only a breach of 1.0770 (no change in \u2018strong support\u2019 level from yesterday) would indicate that the current upward pressure has faded. Looking ahead, the next level to watch above 1.0850 is 1.0915.\u201d<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Euro (EUR) is expected to continue to trade in a range, probably between 1.0800 and 1.0840. Risk of EUR breaking above 1.0850 has increased, albeit moderately, UOB Group FX strategists Quek Ser Leang and Peter Chia note. Next level to watch above 1.0850 is 1.0915 24-HOUR VIEW: \u201cYesterday, we pointed out that \u2018momentum indicators [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":27224,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[299,201,248,251,246,257,433,255,250,252,247,253,249,308,256,254],"class_list":["post-341230","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-technical-analysis","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/341230","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=341230"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/341230\/revisions"}],"predecessor-version":[{"id":341231,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/341230\/revisions\/341231"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/27224"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=341230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=341230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=341230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}