{"id":342249,"date":"2024-07-11T19:59:21","date_gmt":"2024-07-11T14:29:21","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=342249"},"modified":"2024-07-11T19:59:21","modified_gmt":"2024-07-11T14:29:21","slug":"continues-declining-towards-next-downside-target-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/continues-declining-towards-next-downside-target-crypto-news\/","title":{"rendered":"Continues declining towards next downside target &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<ul>\n<li><strong>EUR\/GBP is falling to its next downside target at the June 14 low.<\/strong><\/li>\n<li><strong>It is in a short and medium term downtrend with odds favoring a continuation lower.\u00a0<\/strong><\/li>\n<\/ul>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/currencies\/eurgbp\" data-fxs-autoanchor=\"\">EUR\/GBP<\/a> is steadily falling in a short-term downtrend. Given \u201cthe trend is your friend\u201d it will probably continue until it reaches its next downside target at the level of the June 14 low at 0.8398.\u00a0<\/p>\n<h3 class=\"fxs_headline_medium\">EUR\/GBP Daily Chart\u00a0<\/h3>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/_EUR_GBP_2024-07-11_15-38-12-638563030222921682.png\"><\/a><\/p>\n<p>The medium-term trend is also bearish after the break below the trendline in late May decisively reversed the trend which had hitherto been sideways.\u00a0<\/p>\n<p>A break below Thursday\u2019s low at 0.8414 would add confirmation of a decline towards 0.8398. At that key support level the pair could potentially bounce \u2013 although it is at risk of going even lower after any pullback higher has run its course.<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>EUR\/GBP is falling to its next downside target at the June 14 low. It is in a short and medium term downtrend with odds favoring a continuation lower.\u00a0 EUR\/GBP is steadily falling in a short-term downtrend. Given \u201cthe trend is your friend\u201d it will probably continue until it reaches its next downside target at the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":12497,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,927,255,250,252,247,253,249,308,256,254],"class_list":["post-342249","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-eurgbp","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\/342249","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=342249"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/342249\/revisions"}],"predecessor-version":[{"id":342257,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/342249\/revisions\/342257"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/12497"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=342249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=342249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=342249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}