{"id":3415,"date":"2023-07-21T13:40:30","date_gmt":"2023-07-21T13:40:30","guid":{"rendered":"https:\/\/blog.trive.com\/?p=3415"},"modified":"2023-07-21T13:40:31","modified_gmt":"2023-07-21T13:40:31","slug":"eurusd-oncourse-for-a-first-week-of-losses-in-four","status":"publish","type":"post","link":"https:\/\/blog.trive.com\/es\/comercio\/eurusd-oncourse-for-a-first-week-of-losses-in-four\/","title":{"rendered":"EURUSD Oncourse for a First Week of Losses in Four"},"content":{"rendered":"<p><em>Piece written by Mfanafuthi Mhlongo, Trive Financial Market Analyst<\/em>&nbsp;<\/p>\n\n\n\n<p>The EURUSD continued its slight decline from the 17-month high of $1.12758 achieved on July 18<sup>el<\/sup> as investors focused on hawkish bets for the Federal Reserve and the ECB\u2019s uncertain stance on future rate hikes. The US dollar rebounded after data showed that the US labour market remained tight in June. The unemployment rate held at 3.6%, while wages rose by 0.3%. These figures suggest that the Federal Reserve could continue to raise interest rates aggressively in an effort to cool inflation.&nbsp;<\/p>\n\n\n\n<p>The cross also weakened after the ECB made it clear that it would raise interest rates this month. However, ECB Council members also stated that tighter policy is being transmitted quickly, and there is no consensus on whether more rate hikes will be warranted for September. This uncertainty weighed on the Euro as the market priced in a lower probability of more rate hikes in the near future.&nbsp;<\/p>\n\n\n\n<p>Inflation in the Eurozone declined to a 17-month low of 5.5% in June. However, the core rate remained stubbornly high at 5.4%. This suggests that inflation in the Eurozone remains a significant challenge for the ECB.&nbsp;<\/p>\n\n\n\n<p><strong>T\u00e9cnicos<\/strong>&nbsp;<\/p>\n\n\n\n<p>The 4H chart shows that the price action has found support at the 50% Fibonacci retracement level following the bears\u2019 attempt to push the price higher after the bulls faltered at the newly-created 17-month high of 1.2758 (green line). The price action is currently consolidating between the 50-EMA (blue line) and the 50% Fibonacci retracement level, which could act as levels of interest in the near term.&nbsp;<\/p>\n\n\n\n<p>A sustained push below the 50% Fibonacci retracement level could offer trading opportunities as the price action moves towards the 61.80% Fibonacci retracement level, which could act as a level of significance in the short term. A break below the level could trigger a selloff to lower levels, with the 1.10721 and 1.10139 support levels acting as levels of interest.&nbsp;<\/p>\n\n\n\n<p>However, a sustained push above the 50-EMA would bring the 23.60% Fibonacci retracement level at 1.2053 and the 17-month high into play.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"555\" src=\"https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/07\/image-41-1024x555.png\" alt=\"\" class=\"wp-image-3416\" srcset=\"https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/07\/image-41-1024x555.png 1024w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/07\/image-41-300x162.png 300w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/07\/image-41-768x416.png 768w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/07\/image-41-18x10.png 18w, https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/07\/image-41.png 1381w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Resumen<\/strong>&nbsp;<\/p>\n\n\n\n<p>The lack of economic indicators from both economies has left the cross flat on Friday and on course for the first week of losses in four after declining over 0.9% this week. Should the bearish momentum persists and the price action sustains a break below the 50% Fibonacci retracement level, the price action would likely test the golden ratio lower.&nbsp;<\/p>\n\n\n\n<p><strong>Fuentes: <\/strong>TradingView, Reuters, CNBC<\/p>","protected":false},"excerpt":{"rendered":"<p>Piece written by Mfanafuthi Mhlongo, Trive Financial Market Analyst&nbsp; The EURUSD continued its slight decline from the 17-month high of $1.12758 achieved on July 18th as investors focused on hawkish bets for the Federal Reserve and the ECB\u2019s uncertain stance on future rate hikes. The US dollar rebounded after data showed that the US labour [&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>EURUSD Oncourse for a First Week of Losses in Four - Trive Blog<\/title>\n<meta name=\"description\" content=\"The EURUSD continued its slight decline from the 17-month high of $1.12758 achieved on July 18th as investors focused on hawkish bets for the Federal Reserve and the ECB\u2019s uncertain stance on future rate hikes.\" \/>\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\/es\/comercio\/eurusd-oncourse-for-a-first-week-of-losses-in-four\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EURUSD Oncourse for a First Week of Losses in Four\" \/>\n<meta property=\"og:description\" content=\"The EURUSD continued its slight decline from the 17-month high of $1.12758 achieved on July 18th as investors focused on hawkish bets for the Federal Reserve and the ECB\u2019s uncertain stance on future rate hikes.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/blog.trive.com\/es\/comercio\/eurusd-oncourse-for-a-first-week-of-losses-in-four\/\" \/>\n<meta property=\"og:site_name\" content=\"Trive Blog\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-21T13:40:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-21T13:40:31+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=\"EURUSD Oncourse for a First Week of Losses in Four\" \/>\n<meta name=\"twitter:description\" content=\"The EURUSD continued its slight decline from the 17-month high of $1.12758 achieved on July 18th as investors focused on hawkish bets for the Federal Reserve and the ECB\u2019s uncertain stance on future rate hikes.\" \/>\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=\"Escrito por\" \/>\n\t<meta name=\"twitter:data1\" content=\"CONNECT TRIVE\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tiempo de lectura\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutos\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/blog.trive.com\/trading\/eurusd-oncourse-for-a-first-week-of-losses-in-four\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/blog.trive.com\/trading\/eurusd-oncourse-for-a-first-week-of-losses-in-four\/\"},\"author\":{\"name\":\"CONNECT TRIVE\",\"@id\":\"https:\/\/blog.trive.com\/#\/schema\/person\/1b50e17681b87a48acedbf0270821e31\"},\"headline\":\"EURUSD Oncourse for a First Week of Losses in Four\",\"datePublished\":\"2023-07-21T13:40:30+00:00\",\"dateModified\":\"2023-07-21T13:40:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/blog.trive.com\/trading\/eurusd-oncourse-for-a-first-week-of-losses-in-four\/\"},\"wordCount\":415,\"publisher\":{\"@id\":\"https:\/\/blog.trive.com\/#organization\"},\"articleSection\":[\"Trading\"],\"inLanguage\":\"es\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/blog.trive.com\/trading\/eurusd-oncourse-for-a-first-week-of-losses-in-four\/\",\"url\":\"https:\/\/blog.trive.com\/trading\/eurusd-oncourse-for-a-first-week-of-losses-in-four\/\",\"name\":\"EURUSD Oncourse for a First Week of Losses in Four - Trive Blog\",\"isPartOf\":{\"@id\":\"https:\/\/blog.trive.com\/#website\"},\"datePublished\":\"2023-07-21T13:40:30+00:00\",\"dateModified\":\"2023-07-21T13:40:31+00:00\",\"description\":\"The EURUSD continued its slight decline from the 17-month high of $1.12758 achieved on July 18th as investors focused on hawkish bets for the Federal Reserve and the ECB\u2019s uncertain stance on future rate hikes.\",\"breadcrumb\":{\"@id\":\"https:\/\/blog.trive.com\/trading\/eurusd-oncourse-for-a-first-week-of-losses-in-four\/#breadcrumb\"},\"inLanguage\":\"es\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/blog.trive.com\/trading\/eurusd-oncourse-for-a-first-week-of-losses-in-four\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/blog.trive.com\/trading\/eurusd-oncourse-for-a-first-week-of-losses-in-four\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/blog.trive.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"EURUSD Oncourse for a First Week of Losses in Four\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/blog.trive.com\/#website\",\"url\":\"https:\/\/blog.trive.com\/\",\"name\":\"Trive Blog\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/blog.trive.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/blog.trive.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"es\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/blog.trive.com\/#organization\",\"name\":\"Trive Blog\",\"url\":\"https:\/\/blog.trive.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"es\",\"@id\":\"https:\/\/blog.trive.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/blog.trive.com\/wp-content\/uploads\/2022\/09\/cropped-cropped-trive_horizontal_black_logo.png\",\"contentUrl\":\"https:\/\/blog.trive.com\/wp-content\/uploads\/2022\/09\/cropped-cropped-trive_horizontal_black_logo.png\",\"width\":723,\"height\":199,\"caption\":\"Trive Blog\"},\"image\":{\"@id\":\"https:\/\/blog.trive.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/blog.trive.com\/#\/schema\/person\/1b50e17681b87a48acedbf0270821e31\",\"name\":\"CONNECT TRIVE\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"es\",\"@id\":\"https:\/\/blog.trive.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/77099c3e77e7f60e3af7eaab73282335?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/77099c3e77e7f60e3af7eaab73282335?s=96&d=mm&r=g\",\"caption\":\"CONNECT TRIVE\"},\"url\":\"https:\/\/blog.trive.com\/es\/author\/connect\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"EURUSD Oncourse for a First Week of Losses in Four - Trive Blog","description":"The EURUSD continued its slight decline from the 17-month high of $1.12758 achieved on July 18th as investors focused on hawkish bets for the Federal Reserve and the ECB\u2019s uncertain stance on future rate hikes.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/blog.trive.com\/es\/comercio\/eurusd-oncourse-for-a-first-week-of-losses-in-four\/","og_locale":"es_ES","og_type":"article","og_title":"EURUSD Oncourse for a First Week of Losses in Four","og_description":"The EURUSD continued its slight decline from the 17-month high of $1.12758 achieved on July 18th as investors focused on hawkish bets for the Federal Reserve and the ECB\u2019s uncertain stance on future rate hikes.","og_url":"https:\/\/blog.trive.com\/es\/comercio\/eurusd-oncourse-for-a-first-week-of-losses-in-four\/","og_site_name":"Trive Blog","article_published_time":"2023-07-21T13:40:30+00:00","article_modified_time":"2023-07-21T13:40:31+00:00","og_image":[{"width":1024,"height":512,"url":"https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/04\/THUMB-EURUSD-2.png","type":"image\/png"}],"author":"CONNECT TRIVE","twitter_card":"summary_large_image","twitter_title":"EURUSD Oncourse for a First Week of Losses in Four","twitter_description":"The EURUSD continued its slight decline from the 17-month high of $1.12758 achieved on July 18th as investors focused on hawkish bets for the Federal Reserve and the ECB\u2019s uncertain stance on future rate hikes.","twitter_image":"https:\/\/blog.trive.com\/wp-content\/uploads\/2023\/04\/THUMB-EURUSD-2.png","twitter_misc":{"Escrito por":"CONNECT TRIVE","Tiempo de lectura":"3 minutos"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/blog.trive.com\/trading\/eurusd-oncourse-for-a-first-week-of-losses-in-four\/#article","isPartOf":{"@id":"https:\/\/blog.trive.com\/trading\/eurusd-oncourse-for-a-first-week-of-losses-in-four\/"},"author":{"name":"CONNECT TRIVE","@id":"https:\/\/blog.trive.com\/#\/schema\/person\/1b50e17681b87a48acedbf0270821e31"},"headline":"EURUSD Oncourse for a First Week of Losses in Four","datePublished":"2023-07-21T13:40:30+00:00","dateModified":"2023-07-21T13:40:31+00:00","mainEntityOfPage":{"@id":"https:\/\/blog.trive.com\/trading\/eurusd-oncourse-for-a-first-week-of-losses-in-four\/"},"wordCount":415,"publisher":{"@id":"https:\/\/blog.trive.com\/#organization"},"articleSection":["Trading"],"inLanguage":"es"},{"@type":"WebPage","@id":"https:\/\/blog.trive.com\/trading\/eurusd-oncourse-for-a-first-week-of-losses-in-four\/","url":"https:\/\/blog.trive.com\/trading\/eurusd-oncourse-for-a-first-week-of-losses-in-four\/","name":"EURUSD Oncourse for a First Week of Losses in Four - Trive Blog","isPartOf":{"@id":"https:\/\/blog.trive.com\/#website"},"datePublished":"2023-07-21T13:40:30+00:00","dateModified":"2023-07-21T13:40:31+00:00","description":"The EURUSD continued its slight decline from the 17-month high of $1.12758 achieved on July 18th as investors focused on hawkish bets for the Federal Reserve and the ECB\u2019s uncertain stance on future rate hikes.","breadcrumb":{"@id":"https:\/\/blog.trive.com\/trading\/eurusd-oncourse-for-a-first-week-of-losses-in-four\/#breadcrumb"},"inLanguage":"es","potentialAction":[{"@type":"ReadAction","target":["https:\/\/blog.trive.com\/trading\/eurusd-oncourse-for-a-first-week-of-losses-in-four\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/blog.trive.com\/trading\/eurusd-oncourse-for-a-first-week-of-losses-in-four\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/blog.trive.com\/"},{"@type":"ListItem","position":2,"name":"EURUSD Oncourse for a First Week of Losses in Four"}]},{"@type":"WebSite","@id":"https:\/\/blog.trive.com\/#website","url":"https:\/\/blog.trive.com\/","name":"Trive Blog","description":"","publisher":{"@id":"https:\/\/blog.trive.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/blog.trive.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"es"},{"@type":"Organization","@id":"https:\/\/blog.trive.com\/#organization","name":"Trive Blog","url":"https:\/\/blog.trive.com\/","logo":{"@type":"ImageObject","inLanguage":"es","@id":"https:\/\/blog.trive.com\/#\/schema\/logo\/image\/","url":"https:\/\/blog.trive.com\/wp-content\/uploads\/2022\/09\/cropped-cropped-trive_horizontal_black_logo.png","contentUrl":"https:\/\/blog.trive.com\/wp-content\/uploads\/2022\/09\/cropped-cropped-trive_horizontal_black_logo.png","width":723,"height":199,"caption":"Trive Blog"},"image":{"@id":"https:\/\/blog.trive.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/blog.trive.com\/#\/schema\/person\/1b50e17681b87a48acedbf0270821e31","name":"CONNECT TRIVE","image":{"@type":"ImageObject","inLanguage":"es","@id":"https:\/\/blog.trive.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/77099c3e77e7f60e3af7eaab73282335?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/77099c3e77e7f60e3af7eaab73282335?s=96&d=mm&r=g","caption":"CONNECT TRIVE"},"url":"https:\/\/blog.trive.com\/es\/author\/connect\/"}]}},"_links":{"self":[{"href":"https:\/\/blog.trive.com\/es\/wp-json\/wp\/v2\/posts\/3415"}],"collection":[{"href":"https:\/\/blog.trive.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.trive.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.trive.com\/es\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.trive.com\/es\/wp-json\/wp\/v2\/comments?post=3415"}],"version-history":[{"count":1,"href":"https:\/\/blog.trive.com\/es\/wp-json\/wp\/v2\/posts\/3415\/revisions"}],"predecessor-version":[{"id":3417,"href":"https:\/\/blog.trive.com\/es\/wp-json\/wp\/v2\/posts\/3415\/revisions\/3417"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.trive.com\/es\/wp-json\/wp\/v2\/media\/2644"}],"wp:attachment":[{"href":"https:\/\/blog.trive.com\/es\/wp-json\/wp\/v2\/media?parent=3415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.trive.com\/es\/wp-json\/wp\/v2\/categories?post=3415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.trive.com\/es\/wp-json\/wp\/v2\/tags?post=3415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}