{"id":71624,"date":"2022-09-07T03:12:11","date_gmt":"2022-09-06T23:12:11","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=71624"},"modified":"2022-09-07T03:14:31","modified_gmt":"2022-09-06T23:14:31","slug":"eur-gbp-extends-the-rebound-from-weekly-low","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/eur-gbp-extends-the-rebound-from-weekly-low\/09\/07\/market-updates\/","title":{"rendered":"EUR\/GBP extends the rebound from weekly low"},"content":{"rendered":"\n<p>The EUR\/GBP pair has maintained its defensive standing while keeping the previous day\u2019s bounce off a one-week low around 0.8600 during Wednesday\u2019s initial Asian session.<br><br>The cross-currency pair dropped to the lowest levels since August 30 before taking a U-turn from the 50-SMA. The corrective pullback, however, lacks support from the MACD and RSI as it approaches the weekly resistance line near 0.8610.<br><br>The EUR\/GBP buyers need to wait for a clear upside break of 0.8610 to retake control. Following that, the recent top surrounding 0.8675 and the yearly peak marked in June near 0.8720 will be in focus.<br><br>Alternatively, a downside break of the 50-SMA near 0.8585 could drag the EUR\/GBP prices towards the 100-SMA level of 0.8515, before highlighting the 61.8% Fibonacci retracement of the August-September upside near the 0.8500 round figure.<br><br>It is worth noting, however, that the quote\u2019s weakness past 0.8500 will be tough as a convergence of the 200-SMA and an upward sloping trend line from mid-August will challenge the bears around 0.8470.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EUR\/GBP pair has maintained its defensive standing while keeping the previous day\u2019s bounce off a one-week low around 0.8600 during Wednesday\u2019s initial Asian session.The cross-currency pair dropped to the lowest levels since August 30 before taking a U-turn from the 50-SMA. The corrective pullback, however, lacks support from the MACD and RSI as it &hellip;<\/p>\n","protected":false},"author":13,"featured_media":69446,"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-71624","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\/71624","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=71624"}],"version-history":[{"count":4,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71624\/revisions"}],"predecessor-version":[{"id":71632,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/71624\/revisions\/71632"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/69446"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=71624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=71624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=71624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}