{"id":437898,"date":"2026-09-10T23:22:44","date_gmt":"2026-09-10T16:22:44","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/eurusd-technicals-the-eurusd-bounces-and-retraces-the-declines-from-the-ppi-437898\/"},"modified":"2026-09-10T23:22:44","modified_gmt":"2026-09-10T16:22:44","slug":"eurusd-technicals-the-eurusd-bounces-and-retraces-the-declines-from-the-ppi","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/eurusd-technicals-the-eurusd-bounces-and-retraces-the-declines-from-the-ppi-437898\/","title":{"rendered":"EURUSD Technicals: The EURUSD bounces and retraces the declines from the PPI"},"content":{"rendered":"<div>\n<p class=\"PDq2pG_selectionAnchorContainer\">The EURUSD moved lower following the stronger-than-expected U.S. PPI data, but the sellers could not extend the decline through the next key target area. The low reached 1.1593, stopping short of the swing level at 1.15849 (see red numbered circles on the chart below) before buyers stepped back in.<\/p>\n<p class=\"PDq2pG_selectionAnchorContainer\">\n<p>The rebound was also supported by the ECB\u2019s decision to raise interest rates by 25 basis points. Subsequently, sources indicated that another rate hike could be considered as soon as October. That potentially more hawkish path helped the euro recover from its post-PPI decline. What did not push the USD lower was lower rates. The\u00a010 year yield is still up 8.5 basis points at 4.922%. The two-year is up 11.2 basis points at 4.539%. Crude oil prices are also still higher with the price currently up at $100.75. The expectations for a rate hike next week has moved up to 70%.\u00a0<\/p>\n<p>Technically, the rebound has taken the EURUSD back toward an important cluster of moving-average resistance. The 100-hour moving average comes in at 1.16252, while the key 200-day moving average is just above at 1.16321. The price is testing that area now.<\/p>\n<p>This puts buyers and sellers in a battle near a well-defined technical ceiling. If the price can move above the 200-day moving average\u2014and stay above\u2014it would weaken the bearish bias and give buyers more confidence. Conversely, if sellers lean against the area and keep the price below it (personally I wouldn&#8217;t be surprised), they remain in play for another move to the downside.<\/p>\n<p>On renewed weakness, the 200-hour moving average at 1.16137and the lower end of the nearby swing area at 1.16071 become the first support targets. A break below that zone would bring the 1.15849 level back into focus, and below that the 38.2% retracement of the move up from the end of July low at 1.15738 and then the 100 day moving average at 1.1559.<\/p>\n<p>The lesson for traders is that the initial move after an economic release does not always tell the full story. The EURUSD sellers had their shot below the moving averages, but they could not reach the next target. Now the rebound\u2014helped by a potentially more hawkish ECB\u2014is testing whether buyers can take back control or whether sellers will use the 200-day moving average to define and limit their risk.<\/p>\n<p>                            This article was written by Greg Michalowski at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The EURUSD moved lower following the stronger-than-expected U.S. PPI data, but the sellers could not extend the decline through the next key target area. The low reached 1.1593, stopping short of the&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-437898","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437898","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=437898"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/437898\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=437898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=437898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=437898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}