{"id":103479,"date":"2020-08-19T10:23:09","date_gmt":"2020-08-19T09:23:09","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=103479"},"modified":"2020-08-19T10:23:53","modified_gmt":"2020-08-19T09:23:53","slug":"103941-eur-gbp-trades-near-50-day-ema-expects-softer-eu-and-uk-cpis","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/103941-eur-gbp-trades-near-50-day-ema-expects-softer-eu-and-uk-cpis\/","title":{"rendered":"EUR\/GBP Trades Near 50-day EMA, Expects Softer EU and UK CPIs"},"content":{"rendered":"<ul>\n<li>EUR\/GBP consolidates today, after 0.50 Percent fall yesterday.<\/li>\n<li>The pair trades without much action above 0.9008 level.<\/li>\n<li>Bearish MACD indicates further downside targeting two-months-old support line.<\/li>\n<\/ul>\n<p>EUR\/GBP is trading near 0.9010 ahead of the European session today. The pair didn&#8217;t continue the weakness from yesterday trading and successfully held above the 50-day EMA. But, the bearishness hasn&#8217;t waned off: the weak MACD and price action below 21-day EMA suggest a potential fall to 0.8980 area &#8211; formed by an ascending trendline from June 16.<\/p>\n<p>If the 0.8980 area fails to hold, then sellers will try to take monthly low near 0.8970, and the July bottom of 0.8940 will be in play.<\/p>\n<p>For the bulls, a closing above 0.9015 can give some confidence to target 21-day EMA level of 0.9033. But, they will not be in full-swing unless the monthly high of 0.9070 is on broken on the upside. Then July high close at 0.9150 will be under threat from the now timid bulls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EUR\/GBP consolidates today, after 0.50 Percent fall yesterday. The pair trades without much action above 0.9008 level. Bearish MACD indicates further downside targeting two-months-old support line. EUR\/GBP is trading near 0.9010 ahead of the European session today. The pair didn&#8217;t continue the weakness from yesterday trading and successfully held above the 50-day EMA. But, the [&hellip;]<\/p>\n","protected":false},"author":163946612,"featured_media":5739,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379],"tags":[3157,2649,3156],"class_list":{"0":"post-103479","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eur","8":"category-gbp","9":"tag-50-day-ema","10":"tag-eur-gbp","11":"tag-macd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EUR\/GBP Trades Near 50-day EMA, Expects Softer EU and UK CPIs - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/103941-eur-gbp-trades-near-50-day-ema-expects-softer-eu-and-uk-cpis\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Stelian Olar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103941-eur-gbp-trades-near-50-day-ema-expects-softer-eu-and-uk-cpis\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103941-eur-gbp-trades-near-50-day-ema-expects-softer-eu-and-uk-cpis\\\/\"},\"author\":{\"name\":\"Stelian Olar\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/c83637dd6dc82bcaadbc8b6c994d1186\"},\"headline\":\"EUR\\\/GBP Trades Near 50-day EMA, Expects Softer EU and UK CPIs\",\"datePublished\":\"2020-08-19T09:23:09+00:00\",\"dateModified\":\"2020-08-19T09:23:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103941-eur-gbp-trades-near-50-day-ema-expects-softer-eu-and-uk-cpis\\\/\"},\"wordCount\":165,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103941-eur-gbp-trades-near-50-day-ema-expects-softer-eu-and-uk-cpis\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/gbp-eur-UK-Inflation-Impress.jpg\",\"keywords\":[\"50-day EMA\",\"eur\\\/gbp\",\"MACD\"],\"articleSection\":[\"EUR\",\"GBP\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103941-eur-gbp-trades-near-50-day-ema-expects-softer-eu-and-uk-cpis\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/103941-eur-gbp-trades-near-50-day-ema-expects-softer-eu-and-uk-cpis\\\/\",\"name\":\"EUR\\\/GBP Trades Near 50-day EMA, Expects Softer EU and UK CPIs - 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