{"id":96065,"date":"2024-01-29T22:02:59","date_gmt":"2024-01-29T18:02:59","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=96065"},"modified":"2024-01-29T22:04:58","modified_gmt":"2024-01-29T18:04:58","slug":"eur-gbp-bears-continue-to-exert-pressure-driving-to-new-lows","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/eur-gbp-bears-continue-to-exert-pressure-driving-to-new-lows\/01\/29\/market-updates\/","title":{"rendered":"EUR\/GBP bears continue to exert pressure, driving to new lows"},"content":{"rendered":"\n<p>The EUR\/GBP is trading at 0.8525, at the time of writing, after slipping to its lowest level since August 2023 0.8520, recording 0.23% losses.<br><br>The daily chart indicates strong selling pressure as the RSI approaches oversold territory. A technical correction could be imminent if indicators reach oversold conditions.<br><br>As of Monday, the EUR\/GBP pair is down 0.23%, trading at 0.8520. The daily chart appears to be firmly in the hands of the bears, with a negative bias for the cross. The four-hour indicators point to a nearly oversold situation, indicating that bears may still be in charge but that a potential change in momentum may be approaching.<br><br>Fundamentally speaking, the pair faces significant pressure due to diverging monetary policy tones by the European Central Bank and the Bank of England. <br><br>For the rest of the week, investors will take a close look at the BoE\u2019s decision on Thursday as well as key inflation figures from the Eurozone for January.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EUR\/GBP is trading at 0.8525, at the time of writing, after slipping to its lowest level since August 2023 0.8520, recording 0.23% losses.The daily chart indicates strong selling pressure as the RSI approaches oversold territory. A technical correction could be imminent if indicators reach oversold conditions.As of Monday, the EUR\/GBP pair is down 0.23%, &hellip;<\/p>\n","protected":false},"author":13,"featured_media":93874,"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":[7202,6923,7069,6837,6987],"class_list":["post-96065","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-bank-of-england","tag-ecb","tag-eur-gbp","tag-eurozone","tag-inflation"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/96065","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=96065"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/96065\/revisions"}],"predecessor-version":[{"id":96073,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/96065\/revisions\/96073"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/93874"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=96065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=96065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=96065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}