{"id":107517,"date":"2017-06-16T06:45:40","date_gmt":"2017-06-16T10:45:40","guid":{"rendered":"http:\/\/countingpips.com\/?p=107517"},"modified":"2017-06-16T06:27:34","modified_gmt":"2017-06-16T10:27:34","slug":"eurusd-1-1085-the-immediate-target","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/06\/eurusd-1-1085-the-immediate-target\/","title":{"rendered":"EURUSD: 1.1085 the immediate target"},"content":{"rendered":"
June 16, 2017<\/div>
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By Gabriel Ojimadu, Alpari<\/strong><\/p>\n

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

Trading on the Euro closed down on Thursday. The dollar continues its rise after the FOMC meeting. The Euro is also coming under added pressure from the EUR\/GBP cross, which fell after the Bank of England\u2019s meeting. An adjustment of open positions on the EUR\/GBP pair took place in response to the vote swing at the BoE\u2019s monetary policy committee, with three members voting for a hike in interest rates. The EUR\/USD pair fell without resistance to 1.1132.<\/p>\n

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

The pair has been in a sideways trend at 1.1145 for the last 16 hours. I predict that the Euro will continue to fall to around 1.1085 \u2013 1.1105. A surge in volatility is expected when the BoE publishes its quarterly bulletin. There are also inflation statistics set to come out of the Euro zone, as well as some US housing market data and a survey from the University of Michigan.<\/p>\n

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