{"id":3081,"date":"2023-05-26T10:22:22","date_gmt":"2023-05-26T10:22:22","guid":{"rendered":"https:\/\/blog.trive.com\/?p=3081"},"modified":"2023-05-26T10:22:53","modified_gmt":"2023-05-26T10:22:53","slug":"the-eurusd-reaches-62-day-low-as-the-greenbacks-resilience-shines","status":"publish","type":"post","link":"https:\/\/blog.trive.com\/de\/handel\/the-eurusd-reaches-62-day-low-as-the-greenbacks-resilience-shines\/","title":{"rendered":"The EURUSD Reaches 62-Day Low As The Greenback\u2019s Resilience Shines"},"content":{"rendered":"<p>The Greenback has been on a roll after breaking through low after low in its relationship with the EURUSD currency pair. The Debt Ceiling crisis has resulted in the market favouring safe-haven assets over risk assets, leading to the EURUSD currency pair\u2019s free fall.<\/p>\n\n\n\n<p>The FOMC Minutes signalled that the Fed officials are leaning more toward a pause, with a data-dependent approach required to validate future hikes. In yesterday&#8217;s economic reports, the U.S. Labour Market showed resilience, with unemployment ticking lower slightly, while GDP grew 1.3% for the quarter. The market has priced in a higher probability of a Fed rate hike, up to 42.3%, from 17.4% a week ago, bolstering the Greenback, as a stronger U.S. economy goes against the Federal Reserve\u2019s goal of reducing inflation.<\/p>\n\n\n\n<p><strong>Technische Analyse<\/strong><\/p>\n\n\n\n<p>The EURUSD currency pair has sustained a downtrend within a descending channel pattern while the price has fled from its 100-day moving average. Support and resistance were established at the 1.07122 and 1.08292 levels, respectively.<\/p>\n\n\n\n<p>After reaching its 62-week low at the support level, a minor rejection occurred. If the rejection of support holds, bulls could be looking to the 1.08292 level as a potential target. A high volume breakout above the descending channel&#8217;s resistance could validate a move higher.<\/p>\n\n\n\n<p>In contrast, a high volume breakdown below the support level could expose the pair to further downside price action. Bearish traders will likely earmark the 1.06356 level as a point of interest.<br><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" loading=\"lazy\" width=\"940\" height=\"543\" src=\"https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/05\/image-2.png\" alt=\"\" class=\"wp-image-3083\" srcset=\"https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/05\/image-2.png 940w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/05\/image-2-300x173.png 300w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/05\/image-2-768x444.png 768w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/05\/image-2-18x10.png 18w\" sizes=\"(max-width: 940px) 100vw, 940px\" \/><\/figure>\n\n\n\n<p><strong>Zusammenfassung<\/strong><\/p>\n\n\n\n<p>The Greenback could be further bolstered by an upside surprise to the Core PCE Index, the Fed&#8217;s preferred inflation gauge, set to be released today. However, if inflation slows, the EURUSD could be supported, with the 1.07122 level likely to hold in the short to medium term.<\/p>\n\n\n\n<p>Quellen: CME, Reuters, TradingView<\/p>","protected":false},"excerpt":{"rendered":"<p>The Greenback has been on a roll after breaking through low after low in its relationship with the EURUSD currency pair. The Debt Ceiling crisis has resulted in the market favouring safe-haven assets over risk assets, leading to the EURUSD currency pair\u2019s free fall. The FOMC Minutes signalled that the Fed officials are leaning more [&hellip;]<\/p>","protected":false},"author":6,"featured_media":2644,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.10 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The EURUSD Reaches 62-Day Low As The Greenback\u2019s Resilience Shines - Trive Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.trive.com\/de\/handel\/the-eurusd-reaches-62-day-low-as-the-greenbacks-resilience-shines\/\" \/>\n<meta property=\"og:locale\" content=\"de_DE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The EURUSD Reaches 62-Day Low As The Greenback\u2019s Resilience Shines\" \/>\n<meta property=\"og:description\" content=\"The Greenback has been on a roll after breaking through low after low in its relationship with the EURUSD currency pair.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blog.trive.com\/de\/handel\/the-eurusd-reaches-62-day-low-as-the-greenbacks-resilience-shines\/\" \/>\n<meta property=\"og:site_name\" content=\"Trive Blog\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-26T10:22:22+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-26T10:22:53+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/04\/THUMB-EURUSD-2.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"The EURUSD Reaches 62-Day Low As The Greenback\u2019s Resilience Shines\" \/>\n<meta name=\"twitter:description\" content=\"The Greenback has been on a roll after breaking through low after low in its relationship with the EURUSD currency pair.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/04\/THUMB-EURUSD-2.png\" \/>\n<meta name=\"twitter:label1\" content=\"Verfasst von\" \/>\n\t<meta name=\"twitter:data1\" content=\"\" \/>\n\t<meta name=\"twitter:label2\" content=\"Gesch\u00e4tzte Lesezeit\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 Minuten\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/blog.trive.com\/trading\/the-eurusd-reaches-62-day-low-as-the-greenbacks-resilience-shines\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/blog.trive.com\/trading\/the-eurusd-reaches-62-day-low-as-the-greenbacks-resilience-shines\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"The EURUSD Reaches 62-Day Low As The Greenback\u2019s Resilience Shines\",\"datePublished\":\"2023-05-26T10:22:22+00:00\",\"dateModified\":\"2023-05-26T10:22:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/blog.trive.com\/trading\/the-eurusd-reaches-62-day-low-as-the-greenbacks-resilience-shines\/\"},\"wordCount\":299,\"publisher\":{\"@id\":\"https:\/\/blog.trive.com\/#organization\"},\"articleSection\":[\"Trading\"],\"inLanguage\":\"de-DE\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/blog.trive.com\/trading\/the-eurusd-reaches-62-day-low-as-the-greenbacks-resilience-shines\/\",\"url\":\"https:\/\/blog.trive.com\/trading\/the-eurusd-reaches-62-day-low-as-the-greenbacks-resilience-shines\/\",\"name\":\"The EURUSD Reaches 62-Day Low As The Greenback\u2019s Resilience Shines - 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