{"id":114050,"date":"2017-10-04T09:15:52","date_gmt":"2017-10-04T13:15:52","guid":{"rendered":"http:\/\/countingpips.com\/?p=114050"},"modified":"2017-10-04T08:56:21","modified_gmt":"2017-10-04T12:56:21","slug":"eurusd-downward-4-hour-channel-is-broken","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/10\/eurusd-downward-4-hour-channel-is-broken\/","title":{"rendered":"EUR\/USD Downward 4 Hour Channel is Broken"},"content":{"rendered":"
October 4, 2017<\/div>
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By Admiral Markets<\/b><\/p>\n

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The EUR\/USD is trying to break the downward PPR channel and at the same time push above the AP channel. I am favoring a bullish bias as long as 1.1692 holds as I previously analysed in the EUR\/USD analysis<\/a>. If bullish scenario persists 1.1822 is the target followed by 1.1873 and 1.1916. Of course, for that to happen bullish momentum needs to be strong. 4h close above each important level is needed for the price to stair-step to next level (1.1822-1.1873-1.1916) The bullish bias is accompanied by a bullish divergence within the POC zone 1.1750-80. Have in mind this is a completely counter trend outlook.<\/p>\n

W L3 – Weekly Camarilla Pivot (Weekly Interim Support)<\/p>\n

W H3 – Weekly Camarilla Pivot (Weekly Interim Resistance)<\/p>\n

W H4 – Weekly Camarilla Pivot (Strong Weekly Resistance)<\/p>\n

M H4 – Daily Camarilla Pivot (Very Strong Monthly Resistance)<\/p>

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<\/div>\n

M L3 \u2013 Daily Camarilla Pivot (Monthly Support)<\/p>\n

M L4 \u2013 Daily H4 Camarilla (Very Strong Monthly Support)<\/p>\n

PPR – Progressive Polynomial Channel<\/p>\n

AP -Andrew’s Pitchfork<\/p>\n

POC – Point Of Confluence (The zone where we expect price to react aka entry zone)<\/p>\n

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Article by Admiral Markets<\/b><\/p>\n

Source: EUR\/USD Downward 4 Hour Channel is Broken<\/a><\/p>\n

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Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By Admiral Markets The EUR\/USD is trying to break the downward PPR channel and at the same time push above the AP channel. I am favoring a bullish bias as long as 1.1692 holds as I previously analysed in the EUR\/USD analysis. If bullish scenario persists 1.1822 is the target followed by 1.1873 and 1.1916. […]<\/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-114050","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/114050","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=114050"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/114050\/revisions"}],"predecessor-version":[{"id":114052,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/114050\/revisions\/114052"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=114050"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=114050"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=114050"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}