{"id":29743,"date":"2012-05-20T22:12:07","date_gmt":"2012-05-21T02:12:07","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/2012\/05\/eurusd-rebounds-from-1-2642\/"},"modified":"2012-05-20T22:12:07","modified_gmt":"2012-05-21T02:12:07","slug":"eurusd-rebounds-from-1-2642","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/05\/20\/eurusd-rebounds-from-1-2642\/","title":{"rendered":"EURUSD rebounds from 1.2642"},"content":{"rendered":"<p>Being contained by 1.2624 (Jan 13 low) support, EURUSD rebounds from 1.2642 and breaks above the downward trend line on 4-hour chart, suggesting that a cycle bottom has been formed at 1.2642. Range trading between 1.2642 and 1.2900 would likely be seen in a couple of days. Another fall to re-test 1.2624 previous low support could be expected, a breakdown below this level will signal resumption of the long term downtrend from 1.4938 (May 4, 2011 high).<\/p>\n<p><img decoding=\"async\" alt=\"eurusd\" src=\"http:\/\/blog.forexcycle.com\/wp-content\/uploads\/2012\/05\/20120521_eurusd_1.gif\" align=\"none\"><\/p>\n<p>Provided by <a target=\"_blank\" title=\"\" href=\"http:\/\/www.forexcycle.com\/\">ForexCycle.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Being contained by 1.2624 (Jan 13 low) support, EURUSD rebounds from 1.2642 and breaks above the downward trend line on 4-hour chart, suggesting that a cycle bottom has been formed at 1.2642. Range trading between 1.2642 and 1.2900 would likely be seen in a couple of days. Another fall to re-test 1.2624 previous low support &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2012\/05\/20\/eurusd-rebounds-from-1-2642\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EURUSD rebounds from 1.2642&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-29743","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/29743","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=29743"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/29743\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=29743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=29743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=29743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}