{"id":100058,"date":"2016-12-27T07:15:43","date_gmt":"2016-12-27T12:15:43","guid":{"rendered":"http:\/\/countingpips.com\/?p=100058"},"modified":"2016-12-27T06:25:45","modified_gmt":"2016-12-27T11:25:45","slug":"eurusd-expected-to-cede-to-1-0417","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/12\/eurusd-expected-to-cede-to-1-0417\/","title":{"rendered":"EUR\/USD: expected to cede to 1.0417"},"content":{"rendered":"<div id=\"inves-3883105801\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">December 27, 2016<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By\u00a0Gabriel Ojimadu, Alpari<\/strong><\/p>\n<div class=\"reviews-item__content\">\n<p><strong><em>Previous:<\/em><\/strong><\/p>\n<p>On Monday the euro closed slightly up against the USD. By the end of the day the euro had risen by 2 points to 1.0451. In Europe and the US the stock markets were closed due to it being Boxing Day, and so volatility on the currency market was very low. The price range for the daily candle was just 26 points.<\/p>\n<p><strong><em>Market expectations:<\/em><\/strong><\/p>\n<p>On Tuesday the euro is trading down. At the moment of writing this review, the euro is going for 1.0441 dollars (-0.10%) After Christmas the volumes will start rising, but not by much, Traders will mostly be returning to the markets after New Year.<\/p>\n<p>In Asia the price fell to 1.0432. The battle on the thin market is going on at the LB (55 simple average). In my forecast I\u2019ve gone for a bounce to 1.0450\/55 and then a weakening of the euro to 1.0417.<\/p>\n<p>The highest amount of trader activity today is expected during the American session. The returns for American bond yields are up, and so the price could drop down from Europe opening without any upward correction.<\/p><div id=\"inves-662016815\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p><strong><em>Day\u2019s News (GMT+3):<\/em><\/strong><\/p>\n<ul class=\"list list_type_disc\">\n<li>Canada and UK: day off;<\/li>\n<li>17:00, US housing price index in 20 city agglomerates from S&amp;P\/Case-Shiller for October;<\/li>\n<li>18:00, US consumer confidence index from The Conference Board for December and the industrial index from the Richmond Fed for December.<\/li>\n<\/ul>\n<p><strong><em>Technical Analysis:<\/em><\/strong><\/p>\n<p><img decoding=\"async\" src=\"http:\/\/www.alpari.ru\/data\/media\/trunk\/images\/Analytics\/2016\/12\/eur_271216.png\" alt=\"\" \/><\/p>\n<p align=\"center\">Euro\/ rate on the hourly. Source: TradingView dollar<\/p>\n<p>Intraday forecast: minimum: 1.0417, maximum1.0456, close: 1.0426.<\/p>\n<p>After a weakening of the euro below yesterday\u2019s minimum this morning, I reckon that the rate will drop to 1.0417 on Tuesday.<\/p>\n<p>Over the Christmas holidays the markets are thin. If the speculators start buying up dollars on the back of American bond yield rises, the euro could fall to the 90<sup>th<\/sup> degree at 1.0397. A close of the hourly candle above 1.0460 would cancel out the scenario of a fall to 1.0417.<\/p>\n<div class=\"s_invisible_yes\">Source: &#8220;<a href=\"http:\/\/alpari.com\/en\/analytics\/reviews\/market_sessions\/17522_27122016\/\">EUR\/USD: expected to cede to 1.0417<\/a>&#8220;<\/div>\n<\/div>\n<div class=\"s_invisible_yes\"><\/div>\n<div class=\"s_invisible_yes\"><\/div>\n<div class=\"s_invisible_yes\"><\/div>\n<div class=\"s_invisible_yes\"><\/div>\n<div class=\"s_invisible_yes\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By\u00a0Gabriel Ojimadu, Alpari Previous: On Monday the euro closed slightly up against the USD. By the end of the day the euro had risen by 2 points to 1.0451. In Europe and the US the stock markets were closed due to it being Boxing Day, and so volatility on the currency market was very low. [&hellip;]<\/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-100058","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/100058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=100058"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/100058\/revisions"}],"predecessor-version":[{"id":100059,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/100058\/revisions\/100059"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=100058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=100058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=100058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}