{"id":3312,"date":"2023-07-12T12:12:51","date_gmt":"2023-07-12T12:12:51","guid":{"rendered":"https:\/\/blog.trive.com\/?p=3312"},"modified":"2023-07-12T12:12:52","modified_gmt":"2023-07-12T12:12:52","slug":"the-greenback-slips-to-pave-the-way-for-the-euros-triumph","status":"publish","type":"post","link":"https:\/\/blog.trive.com\/de\/handel\/the-greenback-slips-to-pave-the-way-for-the-euros-triumph\/","title":{"rendered":"The Greenback Slips to Pave the Way for the Euro\u2019s Triumph"},"content":{"rendered":"<p>The Greenback slipped to a two-month low after the EURUSD currency pair closed a fourth consecutive day in positive territory, with a week-to-date gain of 56 basis points.&nbsp;<\/p>\n\n\n\n<p>Germany\u2019s inflation advanced month-on-month in June from 6.1% to 6.4% and bolstered the Euro as another rate hike in July is practically warranted. The European Central Bank has been fixated on lowering inflation and, in speeches made last month, hinted that another hike could be expected in July. The market is pricing in a 92.4% chance of the Federal Reserve hiking interest rate in July, with less certainty going forward. The release of the U.S. inflation later today will likely provide some guidance on whether further hikes could be expected.&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<p><strong>Technische Analyse<\/strong>&nbsp;<\/p>\n\n\n\n<p>The EURUSD currency pair has recently found strength after breaking above a descending triangle pattern and the 100-day moving average to commence an uptrend. The pair has left its 100-day moving average and support at the 1.08392 level in the dust as it breaks through previous highs.&nbsp;&nbsp;<\/p>\n\n\n\n<p>The breakout above resistance at the 1.10122 level now establishes a support level, while the 1.10935 forms the next resistance level. Bulls could be in contention to take the index within the 1.10935 level if bullish momentum fails to fizzle out. In contrast, a slowdown in upside momentum could open up the possibility of a reversal, given that the Relative Strength Index conditions point to overbought levels. Bears will likely earmark the 1.10122 level as a point of interest to the downside.&nbsp;&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"589\" src=\"https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/07\/image-1-1024x589.png\" alt=\"\" class=\"wp-image-3313\" srcset=\"https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/07\/image-1-1024x589.png 1024w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/07\/image-1-300x172.png 300w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/07\/image-1-768x441.png 768w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/07\/image-1-18x10.png 18w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/07\/image-1.png 1491w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Zusammenfassung<\/strong>&nbsp;<\/p>\n\n\n\n<p>U.S. inflation is expected to taper off from 4% to 3.1%, while core inflation sheds 30 basis points, potentially signalling that the Federal Reserve&#8217;s interest rate hikes are taking effect. If U.S. inflation cools, the Euro could be bolstered by the pricing in of more rate hikes by the ECB beyond that of the Federal Reserve\u2019s. The 1.10935 level is, therefore, a probable destination in the short to medium term.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Quellen: Reuters, TradingView&nbsp;<\/p>","protected":false},"excerpt":{"rendered":"<p>The Greenback slipped to a two-month low after the EURUSD currency pair closed a fourth consecutive day in positive territory, with a week-to-date gain of 56 basis points.&nbsp; Germany\u2019s inflation advanced month-on-month in June from 6.1% to 6.4% and bolstered the Euro as another rate hike in July is practically warranted. The European Central Bank [&hellip;]<\/p>","protected":false},"author":15,"featured_media":2612,"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 Greenback Slips to Pave the Way for the Euro\u2019s Triumph - 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-greenback-slips-to-pave-the-way-for-the-euros-triumph\/\" \/>\n<meta property=\"og:locale\" content=\"de_DE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Greenback Slips to Pave the Way for the Euro\u2019s Triumph\" \/>\n<meta property=\"og:description\" content=\"The Greenback slipped to a two-month low after the EURUSD currency pair closed a fourth consecutive day in positive territory, with a week-to-date gain of 56 basis points.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blog.trive.com\/de\/handel\/the-greenback-slips-to-pave-the-way-for-the-euros-triumph\/\" \/>\n<meta property=\"og:site_name\" content=\"Trive Blog\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-12T12:12:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-12T12:12:52+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=\"author\" content=\"CONNECT TRIVE\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"The Greenback Slips to Pave the Way for the Euro\u2019s Triumph\" \/>\n<meta name=\"twitter:description\" content=\"The Greenback slipped to a two-month low after the EURUSD currency pair closed a fourth consecutive day in positive territory, with a week-to-date gain of 56 basis points.\u00a0\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/04\/2023.04.24-THUMB-EURUSD-Trade-Outlook.png\" \/>\n<meta name=\"twitter:label1\" content=\"Verfasst von\" \/>\n\t<meta name=\"twitter:data1\" content=\"CONNECT TRIVE\" \/>\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-greenback-slips-to-pave-the-way-for-the-euros-triumph\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/blog.trive.com\/trading\/the-greenback-slips-to-pave-the-way-for-the-euros-triumph\/\"},\"author\":{\"name\":\"CONNECT TRIVE\",\"@id\":\"https:\/\/blog.trive.com\/#\/schema\/person\/1b50e17681b87a48acedbf0270821e31\"},\"headline\":\"The Greenback Slips to Pave the Way for the Euro\u2019s Triumph\",\"datePublished\":\"2023-07-12T12:12:51+00:00\",\"dateModified\":\"2023-07-12T12:12:52+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/blog.trive.com\/trading\/the-greenback-slips-to-pave-the-way-for-the-euros-triumph\/\"},\"wordCount\":339,\"publisher\":{\"@id\":\"https:\/\/blog.trive.com\/#organization\"},\"articleSection\":[\"Trading\"],\"inLanguage\":\"de-DE\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/blog.trive.com\/trading\/the-greenback-slips-to-pave-the-way-for-the-euros-triumph\/\",\"url\":\"https:\/\/blog.trive.com\/trading\/the-greenback-slips-to-pave-the-way-for-the-euros-triumph\/\",\"name\":\"The Greenback Slips to Pave the Way for the Euro\u2019s Triumph - 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