{"id":100854,"date":"2017-01-16T08:24:34","date_gmt":"2017-01-16T13:24:34","guid":{"rendered":"http:\/\/countingpips.com\/?p=100854"},"modified":"2017-01-16T08:24:34","modified_gmt":"2017-01-16T13:24:34","slug":"eurusd-heading-for-the-90th-degree","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/01\/eurusd-heading-for-the-90th-degree\/","title":{"rendered":"EUR\/USD: heading for the 90th degree"},"content":{"rendered":"
January 16, 2017<\/div>
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By\u00a0Gabriel Ojimadu, Alpari<\/strong><\/p>\n

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Previous:<\/em><\/strong><\/p>\n

EUR\/USD trades on Friday closed up. Due to a revival of the euro\/pound cross, the buyers managed to raise the rate to 1.0673. After the publication of American stats the rate crumbled to 1.0596, covering the day\u2019s growth. By trade close the price had bounced from the session minimum, but during Asian trading it returned back to it.<\/p>\n

Market expectations:<\/em><\/strong><\/p>\n

Trading on Monday began with the rise of the USD. Gaps took place for the euro\/dollar and pound\/dollar. The GBP lost out throughout the market after an article published by the Sunday Times spoke of PM May\u2019s intention to carry out a hard Brexit. She is ready to leave the single market in order to take control of British borders.<\/p>\n

The euro didn\u2019t fall that much due to the growth of the cross. But something tells me that the euro will shift towards the lower line of the A channel. Monday\u2019s target is 1.0567.<\/p>\n

Day\u2019s news (GMT+3):<\/em><\/strong><\/p>

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