{"id":113527,"date":"2017-09-25T11:31:53","date_gmt":"2017-09-25T15:31:53","guid":{"rendered":"http:\/\/countingpips.com\/?p=113527"},"modified":"2017-09-25T11:31:53","modified_gmt":"2017-09-25T15:31:53","slug":"daily-market-report-eurusd-rolling-down-september-25-2017","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/09\/daily-market-report-eurusd-rolling-down-september-25-2017\/","title":{"rendered":"Daily Market Report \u2013 EUR\/USD Rolling Down September 25, 2017"},"content":{"rendered":"
September 25, 2017<\/div>
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By<\/b> Mexgroup.com<\/a><\/p>\n

EUR\/USD On The Way Down<\/strong><\/p>\n

The currency pair has opened with a gap down in the morning, signaling that the bears are in control on the short term. Price has come higher to close the morning gap, but has failed. EUR\/USD is trading in the red right now and seems too heavy to be stopped.<\/p>\n

Price erased the morning gains and could hit fresh new lows till the end of the day as the dollar index could breakout above the 92.49 static resistance.\u00a0 The dollar index moves somehow sideways on the short term, signaling a potential reversal. The behavior changed on the USDX as the rate has started to make higher lows, but we still need a confirmation that the index will really start a broader rebound, which will lead the USD much higher versus all its rivals. The Euro dropped further also because the German Ifo Business Climate decreased from 115.9 to 115.2 points, even if the estimate 116.0 points.<\/p>\n

\"25eurusd\"<\/a><\/p>\n

The price failed to close above the upper median line (uml) of the minor descending pitchfork and above the UML and now is going down again. Price also failed to retest the upper median line (uml) in the last attempt, so the bearish movement is natural.<\/p>\n

It could be attracted by the confluence area formed between the median line (ml) with the ML of the ascending pitchfork. EUR\/USD is narrowing right now, but I hope that we’ll have a significant move very soon.<\/p>

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Brent Oil At New Peaks <\/strong><\/p>\n

\"25brent\"<\/a><\/p>\n

Price rallied aggressively and jumped much above the median line (ML) of the major ascending pitchfork, signaling that is strongly bullish. Has broken above the 150% Fibonacci line (descending dotted line) and above the upside line (uml) of the up channel. A retest of the broken levels will signal a further increase in the upcoming period.<\/p>\n

Brent is almost to hit the $58.00 per barrel, it wasn’t reached since July 2015, so the price could touch new peaks in the upcoming period.<\/p>\n

AUD\/USD Imminent Breakdown<\/strong><\/p>\n

\"25audusd\"<\/a><\/p>\n

Price increased a little today, but wasn’t able to reach the 0.7985 Friday’s high. It seems undecided right now because the USDX has managed to increase a little. Could retest the lower median line (LML) again, remains to see if we’ll have a breakdown or a bounce back. A breakdown is favored if the USDX will jump and will stabilize above the 92.49 static resistance.<\/p>\n

By Olimpiu Tuns<\/strong><\/p>\n

Market Analyst<\/strong><\/p>\n

Risk Disclaimer:<\/span><\/em><\/p>\n

Trading, in general, is very risky and is not suited for everyone. There is always a chance of losing some or all of your initial investment\/deposit, so do not invest money you can’t afford to lose. You are strongly advised to carry out your independent research before making any trading decisions.\u00a0 All the analysis, market reports posted on this site are only educational and do not constitute an investment advice or recommendation to open or close positions on international financial markets. The author is not responsible for any loss of profit or damage which may arise from transactions made based on any information on this website.<\/span><\/em><\/p>\n

The post Daily Market Report – EUR\/USD Rolling Down September 25, 2017<\/a> appeared first on mexgroupblog<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Mexgroup.com EUR\/USD On The Way Down The currency pair has opened with a gap down in the morning, signaling that the bears are in control on the short term. Price has come higher to close the morning gap, but has failed. EUR\/USD is trading in the red right now and seems too heavy to […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-113527","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/113527","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\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=113527"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/113527\/revisions"}],"predecessor-version":[{"id":113528,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/113527\/revisions\/113528"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=113527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=113527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=113527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}