{"id":112640,"date":"2017-09-11T08:15:41","date_gmt":"2017-09-11T12:15:41","guid":{"rendered":"http:\/\/countingpips.com\/?p=112640"},"modified":"2017-09-11T07:39:35","modified_gmt":"2017-09-11T11:39:35","slug":"eurusd-price-sitting-on-the-balance-line","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/09\/eurusd-price-sitting-on-the-balance-line\/","title":{"rendered":"EURUSD: price sitting on the balance line"},"content":{"rendered":"<div id=\"inves-2551423658\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">September 11, 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>On Friday the 8<sup>th<\/sup>\u00a0of September, trading on the euro\/dollar pair closed down. After hitting a new high of 1.2092 in Asia, buyers started cashing in on their long positions during the European session. The rate first fell to 1.2036 (-56 pips). During the second wave of euro selling, it fell against the dollar to 1.2015 (-21 pips).<\/p>\n<p>The US dollar index closed up. It strengthened after a speech from FOMC member Dudley and after Congress\u2019 decision to temporarily raise the government\u2019s debt ceiling. Dudley stated that restoration works after hurricanes tend to lead to a rise in economic activity in the long term. US 10Y bond yields have increased.<\/p>\n<p><strong>Day\u2019s news (GMT+3):<\/strong><\/p>\n<ul class=\"list list_type_disc\">\n<li>09:00 Japan: machine tool orders (Aug).<\/li>\n<li>15:15 Canada: housing starts (Aug).<\/li>\n<\/ul>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/alpari.com\/data\/media\/trunk\/images\/Analytics\/2017\/09\/eur_110917.png\" alt=\"\" \/><\/p>\n<p align=\"center\">Fig 1. EURUSD rate on the hourly. Source: TradingView<\/p>\n<p>On Monday the 11<sup>th<\/sup>\u00a0of September, as trading on the currency market got underway, the euro opened down. The opening price was brought about by investors abandoning the safe havens given that the weekend passed without any trouble. In celebrating North Korea\u2019s founding day on the 9<sup>th<\/sup>\u00a0of September, Supreme Leader Kim Jong-un stopped short of marking the occasion with a missile launch. The Japanese yen, Swiss franc, and gold are all trading down.<\/p><div id=\"inves-2758402680\" 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>In Asia, US 10Y bond yields have risen sharply, while the euro rate against the dollar has retreated to the LB balance line. Now let\u2019s look again at the dynamics from the 29-30<sup>th<\/sup>\u00a0of August. The price first corrected to the balance line, and then the drop continued to the D3 line. The economic calendar for Monday is empty, so I\u2019m predicting a rise to 1.2035, followed by a drop to 1.1955. Over the last few days, a candlestick with a long wick has formed. The bearish signal could be extinguished, but in any case, be careful with buying.<\/p>\n<div class=\"s_invisible_yes\">Source: &#8220;<a href=\"https:\/\/alpari.com\/en\/analytics\/reviews\/market_sessions\/21688_11092017\/\">EURUSD: price sitting on the balance line<\/a>&#8220;<\/div>\n<\/div>\n<div><\/div>\n<div><\/div>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Gabriel Ojimadu, Alpari Previous: On Friday the 8th\u00a0of September, trading on the euro\/dollar pair closed down. After hitting a new high of 1.2092 in Asia, buyers started cashing in on their long positions during the European session. The rate first fell to 1.2036 (-56 pips). During the second wave of euro selling, it fell [&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-112640","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/112640","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=112640"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/112640\/revisions"}],"predecessor-version":[{"id":112641,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/112640\/revisions\/112641"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=112640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=112640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=112640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}