{"id":106649,"date":"2024-10-02T19:18:43","date_gmt":"2024-10-02T15:18:43","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=106649"},"modified":"2024-10-02T19:21:03","modified_gmt":"2024-10-02T15:21:03","slug":"eur-gbp-ends-its-pullback-and-resumes-its-bearish-tempo","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/eur-gbp-ends-its-pullback-and-resumes-its-bearish-tempo\/10\/02\/market-updates\/","title":{"rendered":"EUR\/GBP ends its pullback, resumes downtrend"},"content":{"rendered":"\n<p>The EUR\/GBP has finished pulling back and resumed its downtrend. It has broken below the 0.8317 September 24 low, confirming a lower low and extension towards the next target at 0.8287, the August 2022 low. <br><br>It remains in a downtrend on a short and medium-term basis, and given the principle that \u201cthe trend is your friend\u201d the odds favor an extension.<br><br><br>That said, the Relative Strength Index (RSI) is converging bullishly with price when comparing the September 24 low with the lower low of October 1 (red dashed lines on chart). Although the price has declined, the RSI has not. <br><br>This signifies a lack of downside momentum accompanies the latest sell-off. This increases the risks it could stall or even pullback.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EUR\/GBP has finished pulling back and resumed its downtrend. It has broken below the 0.8317 September 24 low, confirming a lower low and extension towards the next target at 0.8287, the August 2022 low. It remains in a downtrend on a short and medium-term basis, and given the principle that \u201cthe trend is your &hellip;<\/p>\n","protected":false},"author":13,"featured_media":87610,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7069],"class_list":["post-106649","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-eur-gbp"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/106649","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=106649"}],"version-history":[{"count":3,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/106649\/revisions"}],"predecessor-version":[{"id":106671,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/106649\/revisions\/106671"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/87610"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=106649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=106649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=106649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}