{"id":31582,"date":"2012-08-14T02:56:39","date_gmt":"2012-08-14T02:56:39","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/2012\/08\/eurusd-failed-to-break-below-trend-line\/"},"modified":"2012-08-14T02:56:39","modified_gmt":"2012-08-14T02:56:39","slug":"eurusd-failed-to-break-below-trend-line","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2012\/08\/14\/eurusd-failed-to-break-below-trend-line\/","title":{"rendered":"EURUSD failed to break below trend line"},"content":{"rendered":"<p>EURUSD failed to break below the upward trend line from 1.2042 to 1.2134, and rebounded from 1.2241, suggesting that a cycle bottom is being formed on 4-hour chart. Further rise to test 1.2442 resistance would likely be seen, a break above this level will target 1.2600 zone. Key support remains at the trend line, only a clear break below the trend line support could signal resumption of the longer term downtrend from 1.3486 (Feb 24 high), then further decline towards 1.1700 could be seen.<\/p>\n<p><img decoding=\"async\" alt=\"eurusd\" src=\"http:\/\/blog.forexcycle.com\/wp-content\/uploads\/2012\/08\/20120814_eurusd_1.gif\" align=\"none\"><\/p>\n<p><a target=\"_blank\" title=\"\" href=\"http:\/\/www.forexcycle.com\/\">Daily Forex Forecast<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>EURUSD failed to break below the upward trend line from 1.2042 to 1.2134, and rebounded from 1.2241, suggesting that a cycle bottom is being formed on 4-hour chart. Further rise to test 1.2442 resistance would likely be seen, a break above this level will target 1.2600 zone. Key support remains at the trend line, only &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2012\/08\/14\/eurusd-failed-to-break-below-trend-line\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EURUSD failed to break below trend line&#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-31582","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/31582","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=31582"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/31582\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=31582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=31582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=31582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}