{"id":108067,"date":"2017-06-26T07:05:02","date_gmt":"2017-06-26T11:05:02","guid":{"rendered":"http:\/\/countingpips.com\/?p=108067"},"modified":"2017-06-26T07:04:12","modified_gmt":"2017-06-26T11:04:12","slug":"eurusd-friday-against-monday","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/06\/eurusd-friday-against-monday\/","title":{"rendered":"EURUSD: Friday against Monday"},"content":{"rendered":"<div id=\"inves-3489477266\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">June 26, 2017<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By Gabriel Ojimadu, Alpari<\/strong><\/p>\n<div class=\"reviews-item__content\">\n<p><strong>Previous:<\/strong><\/p>\n<p>Trading on the Euro closed up on Friday. The Euro appreciated against the US dollar and British pound during the New York session. The EURUSD rose to 1.1209 and the EURGBP rose to 0.8805.<\/p>\n<p>It was strange for me when the price jumped from 1.1162 for seemingly no reason. That is to say, before the news, buyers neutralized a bearish signal that had been 60% exhausted.<\/p>\n<p>US data provided support for the single currency, which reported a low level of business activity in the country. The PMIs from Markit on the manufacturing and services industries turned out lower than expected. New home sales turned out higher than expected, but this wasn\u2019t enough to stop the dollar from falling.<\/p>\n<p><strong>Day\u2019s news (GMT+3):<\/strong><\/p>\n<ul class=\"list list_type_disc\">\n<li>11:00 Germany: IFO business climate (Jun);<\/li>\n<li>11:30 UK: BBA mortgage approvals (May);<\/li>\n<li>15:30 USA: durable goods orders ex transportation (May);<\/li>\n<li>15:30 USA: durable goods orders (May);<\/li>\n<li>20:30 Euro zone: ECB president Mario Draghi\u2019s speech.<\/li>\n<\/ul>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"http:\/\/www.alpari.ru\/data\/media\/trunk\/images\/Analytics\/2017\/06\/eur_260617.png\" alt=\"\" \/><\/p>\n<p align=\"center\">EURUSD rate on the hourly. Source: TradingView.<\/p><div id=\"inves-2736694983\" 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>Intraday forecast: low: n\/a, high: n\/a, close: n\/a.<\/p>\n<p>The price has restored to the 19<sup>th<\/sup> of June\u2019s maximum. The price has been consolidating at 1.1195 level for the last 14 hours. Given that the Euro strengthened on Friday, I\u2019m expecting it to fall today.<\/p>\n<p>I\u2019ve depicted an upwards channel created from three points (H: 1.1178, H: 1.1209, L: 1.11390). My forecast goes as far as the lower boundary of the channel at 1.1177. When the price reaches this level, I\u2019ll continue this forecast.<\/p>\n<p>Cycles indicate that the Euro will weaken before trading closes, so I need to see how quickly it will reach the lb balance line and whether or not it will stop buyers in their tracks. I\u2019m ignoring all news today.<\/p>\n<div class=\"s_invisible_yes\">Source: &#8220;<a href=\"https:\/\/alpari.com\/en\/analytics\/reviews\/market_sessions\/20250_26062017\/\">EURUSD: Friday against Monday<\/a>&#8220;<\/div>\n<\/div>\n<div><\/div>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Gabriel Ojimadu, Alpari Previous: Trading on the Euro closed up on Friday. The Euro appreciated against the US dollar and British pound during the New York session. The EURUSD rose to 1.1209 and the EURGBP rose to 0.8805. It was strange for me when the price jumped from 1.1162 for seemingly no reason. That [&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-108067","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/108067","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=108067"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/108067\/revisions"}],"predecessor-version":[{"id":108068,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/108067\/revisions\/108068"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=108067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=108067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=108067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}