{"id":31831,"date":"2020-07-23T20:57:24","date_gmt":"2020-07-23T16:57:24","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=31831"},"modified":"2020-07-23T20:57:26","modified_gmt":"2020-07-23T16:57:26","slug":"eur-usd-unfazed-by-consumer-confidence-data","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/eur-usd-unfazed-by-consumer-confidence-data\/07\/23\/market-updates\/","title":{"rendered":"EUR\/USD Unfazed by Consumer Confidence Data"},"content":{"rendered":"\n<p>The Euro\u2019s (EUR) rally against the US Dollar (USD) was not affected by the worsening consumer confidence indicator for the Eurozone, considering that data by the European Commission suggested that the index remained stable despite a 0.3% decline.<\/p>\n\n\n\n<p>The EUR\/USD is trading at \u202a1.16193, up by 0.40% for the day.<\/p>\n\n\n\n<p>The pair\u2019s lowest level today was 1.15404, while its highest was at \u202a1.16272.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"362\" src=\"https:\/\/noortrends.ae\/en\/wp-content\/uploads\/2020\/07\/eurusd-1-1024x362.png\" alt=\"\" class=\"wp-image-31832\" srcset=\"https:\/\/noortrends.ae\/en\/wp-content\/uploads\/2020\/07\/eurusd-1-1024x362.png 1024w, https:\/\/noortrends.ae\/en\/wp-content\/uploads\/2020\/07\/eurusd-1-300x106.png 300w, https:\/\/noortrends.ae\/en\/wp-content\/uploads\/2020\/07\/eurusd-1-768x272.png 768w, https:\/\/noortrends.ae\/en\/wp-content\/uploads\/2020\/07\/eurusd-1-1536x543.png 1536w, https:\/\/noortrends.ae\/en\/wp-content\/uploads\/2020\/07\/eurusd-1.png 1628w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>Data by the European Commission\u2019s Directorate-General for Economic and Financial Affairs (DG ECFIN) showed that the consumer confidence indicator for the Eurozone declined in June by 0.3 points to -15.<\/p>\n\n\n\n<p>On the European Union\u2019s (EU) level, the <a href=\"https:\/\/noortrends.ae\/en\/european-consumer-confidence-further-declines-in-june\/07\/23\/market-updates\/\" class=\"rank-math-link\">consumer confidence indicator<\/a> remained unchanged at -15.6.<\/p>\n\n\n\n<p>Both indicators remain well below their long-term averages of -11.1 and -10.5, respectively.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"439\" src=\"https:\/\/noortrends.ae\/en\/wp-content\/uploads\/2020\/07\/euro-conf-1.png\" alt=\"\" class=\"wp-image-31833\" srcset=\"https:\/\/noortrends.ae\/en\/wp-content\/uploads\/2020\/07\/euro-conf-1.png 1024w, https:\/\/noortrends.ae\/en\/wp-content\/uploads\/2020\/07\/euro-conf-1-300x129.png 300w, https:\/\/noortrends.ae\/en\/wp-content\/uploads\/2020\/07\/euro-conf-1-768x329.png 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>A recent article published by Bloomberg suggested <a href=\"https:\/\/noortrends.ae\/en\/we-could-be-seeing-more-eur-gains-soon\/07\/23\/market-updates\/\" class=\"rank-math-link\">EUR\/USD could soon reach 1.18<\/a>, while some market analysts are seeing the pair going as high as 1.21 by the end of the year.<\/p>\n\n\n\n<p><strong>Support Levels: 1.1518 &#8211; 1.1465 &#8211; 1.1424<\/strong><\/p>\n\n\n\n<p><strong>Resistance Levels: 1.1612 &#8211; 1.1653 &#8211; 1.1706<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Euro\u2019s (EUR) rally against the US Dollar (USD) was not affected by the worsening consumer confidence indicator for the Eurozone, considering that data by the European Commission suggested that the index remained stable despite a 0.3% decline. The EUR\/USD is trading at \u202a1.16193, up by 0.40% for the day. The pair\u2019s lowest level today &hellip;<\/p>\n","protected":false},"author":10,"featured_media":31834,"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":[6968],"class_list":["post-31831","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-eurusd"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31831","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\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=31831"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31831\/revisions"}],"predecessor-version":[{"id":31835,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/31831\/revisions\/31835"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/31834"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=31831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=31831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=31831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}