{"id":3447,"date":"2023-07-26T10:16:35","date_gmt":"2023-07-26T10:16:35","guid":{"rendered":"https:\/\/blog.trive.com\/?p=3447"},"modified":"2023-08-07T14:15:39","modified_gmt":"2023-08-07T14:15:39","slug":"the-eurusd-attempts-to-solve-rate-hike-riddles","status":"publish","type":"post","link":"https:\/\/blog.trive.com\/de\/handel\/the-eurusd-attempts-to-solve-rate-hike-riddles\/","title":{"rendered":"The EURUSD Attempts to Solve Rate Hike Riddles"},"content":{"rendered":"<p><em>Piece written by Alexa Smith, Trive Financial Market Analyst<\/em>&nbsp;<\/p>\n\n\n\n<p>While Euro Area headline inflation deflated in line with the expected 5.5%, core inflation rose from 5.3% to 5.5%. As inflation remains high in Europe, the European Central Bank (ECB) may consider raising interest rates further in its upcoming decision, boosting sentiment in the EURUSD currency pair. However, there is uncertainty regarding the prospect of further interest rate hikes due to a deteriorating economic outlook in Europe, which could peak the currency pair\u2019s potential gains.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Additionally, the Federal Reserve is expected to hike interest rates by 25 basis points in today\u2019s interest rate decision, which could tilt the currency pair further into the red. The market is uncertain whether this will be the last rate hike, but the Fed Press Conference could shed some light on the stance of a previously dovish Fed.&nbsp;<\/p>\n\n\n\n<p><strong>Technische Analyse&nbsp;<\/strong>&nbsp;<\/p>\n\n\n\n<p>The EURUSD currency pair flattened at the swing-high of 1.12515; however, downside pressure saw the price action establish support at the previous resistance of 1.11320. Since intersecting with the 50-day moving average, the currency pair has succumbed to additional downside pressure, establishing support at 1.10469, the 50% level.&nbsp;&nbsp;<\/p>\n\n\n\n<p>If the downside momentum persists, the 1.09986 and 1.09298 Fibonacci Retracement levels could serve as catalysts, edging the pair towards the 1.08423 major support if a breakdown of the 50% level occurs. However, the 1.10469 support could hold, which may encourage a pullback towards 1.11320 and pave the way towards the 1.12515 major resistance if a breakout is sustained.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"609\" src=\"https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/07\/image-50-1024x609.png\" alt=\"\" class=\"wp-image-3448\" srcset=\"https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/07\/image-50-1024x609.png 1024w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/07\/image-50-300x178.png 300w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/07\/image-50-768x457.png 768w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/07\/image-50-18x12.png 18w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/07\/image-50.png 1439w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Zusammenfassung<\/strong>&nbsp;<\/p>\n\n\n\n<p>The EURUSD currency pair tumbled and established support at the 50% level in anticipation of the Federal Reserve\u2019s interest rate decision. If the downside momentum persists, the currency pair may return to the 1.08423 major support. However, the ECB&#8217;s interest rate decision could drive upward momentum, which may encourage the pair to retest the 1.12515 major resistance.&nbsp;<\/p>\n\n\n\n<p>Sources: TradingView, ECB, Federal Reserve, Reuters&nbsp;<\/p>","protected":false},"excerpt":{"rendered":"<p>Piece written by Alexa Smith, Trive Financial Market Analyst&nbsp; While Euro Area headline inflation deflated in line with the expected 5.5%, core inflation rose from 5.3% to 5.5%. As inflation remains high in Europe, the European Central Bank (ECB) may consider raising interest rates further in its upcoming decision, boosting sentiment in the EURUSD currency [&hellip;]<\/p>","protected":false},"author":15,"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 Attempts to Solve Rate Hike Riddles - Trive Blog<\/title>\n<meta name=\"description\" content=\"While Euro Area headline inflation deflated in line with the expected 5.5%, core inflation rose from 5.3% to 5.5%. As inflation remains high in Europe, the European Central Bank (ECB) may consider raising interest rates further in its upcoming decision, boosting sentiment in the EURUSD currency pair.\" \/>\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-attempts-to-solve-rate-hike-riddles\/\" \/>\n<meta property=\"og:locale\" content=\"de_DE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The EURUSD Attempts to Solve Rate Hike Riddles\" \/>\n<meta property=\"og:description\" content=\"While Euro Area headline inflation deflated in line with the expected 5.5%, core inflation rose from 5.3% to 5.5%.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blog.trive.com\/de\/handel\/the-eurusd-attempts-to-solve-rate-hike-riddles\/\" \/>\n<meta property=\"og:site_name\" content=\"Trive Blog\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-26T10:16:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-07T14:15:39+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 EURUSD Attempts to Solve Rate Hike Riddles\" \/>\n<meta name=\"twitter:description\" content=\"While Euro Area headline inflation deflated in line with the expected 5.5%, core inflation rose from 5.3% to 5.5%.\" \/>\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=\"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-eurusd-attempts-to-solve-rate-hike-riddles\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/blog.trive.com\/trading\/the-eurusd-attempts-to-solve-rate-hike-riddles\/\"},\"author\":{\"name\":\"CONNECT TRIVE\",\"@id\":\"https:\/\/blog.trive.com\/#\/schema\/person\/1b50e17681b87a48acedbf0270821e31\"},\"headline\":\"The EURUSD Attempts to Solve Rate Hike Riddles\",\"datePublished\":\"2023-07-26T10:16:35+00:00\",\"dateModified\":\"2023-08-07T14:15:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/blog.trive.com\/trading\/the-eurusd-attempts-to-solve-rate-hike-riddles\/\"},\"wordCount\":319,\"publisher\":{\"@id\":\"https:\/\/blog.trive.com\/#organization\"},\"articleSection\":[\"Trading\"],\"inLanguage\":\"de-DE\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/blog.trive.com\/trading\/the-eurusd-attempts-to-solve-rate-hike-riddles\/\",\"url\":\"https:\/\/blog.trive.com\/trading\/the-eurusd-attempts-to-solve-rate-hike-riddles\/\",\"name\":\"The EURUSD Attempts to Solve Rate Hike Riddles - Trive Blog\",\"isPartOf\":{\"@id\":\"https:\/\/blog.trive.com\/#website\"},\"datePublished\":\"2023-07-26T10:16:35+00:00\",\"dateModified\":\"2023-08-07T14:15:39+00:00\",\"description\":\"While Euro Area headline inflation deflated in line with the expected 5.5%, core inflation rose from 5.3% to 5.5%. 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