{"id":92623,"date":"2023-11-15T22:48:00","date_gmt":"2023-11-15T18:48:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=92623"},"modified":"2023-11-16T01:51:27","modified_gmt":"2023-11-15T21:51:27","slug":"eur-gbp-closest-to-multi-month-highs-as-bulls-step-in","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/eur-gbp-closest-to-multi-month-highs-as-bulls-step-in\/11\/15\/market-updates\/","title":{"rendered":"EUR\/GBP closest to multi-month highs as bulls step in"},"content":{"rendered":"\n<p>The EUR\/GBP increased by 0.40% to reach 0.8740, erasing weekly losses. Bulls have space to test last week&#8217;s high of 0.8775. <br><br>With the pair clearing its losses on Mondays and Tuesdays, the EUR\/GBP trades with significant gains in the 0.8740 region. The following goal is 0.8775, which would be a record high since May. <br><br>Fundamentally, weak UK inflation data released during the European sessions in October put the GBP under intense selling pressure, which helped the cross bulls gain ground.<br><br>On the daily chart, the EUR\/GBP holds a bullish technical bias as the buyers gather momentum and seize control in the short term.<br><br>Evaluating the broader scale technical outlook, the pair now is above the 20,100,200-day Simple Moving Average (SMA), suggesting that the bulls are also firmly in control of the larger time frames. <br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EUR\/GBP increased by 0.40% to reach 0.8740, erasing weekly losses. Bulls have space to test last week&#8217;s high of 0.8775. With the pair clearing its losses on Mondays and Tuesdays, the EUR\/GBP trades with significant gains in the 0.8740 region. The following goal is 0.8775, which would be a record high since May. Fundamentally, &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":[7069,8833],"class_list":["post-92623","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-eur-gbp","tag-uk-inflation-data"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/92623","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=92623"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/92623\/revisions"}],"predecessor-version":[{"id":92628,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/92623\/revisions\/92628"}],"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=92623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=92623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=92623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}