{"id":114111,"date":"2017-10-05T07:55:41","date_gmt":"2017-10-05T11:55:41","guid":{"rendered":"http:\/\/countingpips.com\/?p=114111"},"modified":"2017-10-05T07:08:09","modified_gmt":"2017-10-05T11:08:09","slug":"eurusd-price-attempting-a-breakout-of-the-b-b-channel","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/10\/eurusd-price-attempting-a-breakout-of-the-b-b-channel\/","title":{"rendered":"EURUSD: price attempting a breakout of the B-B channel"},"content":{"rendered":"
October 5, 2017<\/div>
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By Gabriel Ojimadu, Alpari<\/strong><\/p>\n

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

On Wednesday the 4th<\/sup>\u00a0of October, trading on the euro closed up against the US dollar. The day turned out to be rather volatile, but market participants failed to determine the future direction of the pair.<\/p>\n

During the US session, the single currency dropped from 1.1788 to 1.1747 levels. The dollar was propped up by a strong services PMI from ISM in the US. This decline didn\u2019t continue, however, as traders started preparing themselves for Federal Reserve chair Janet Yellen\u2019s speech.<\/p>\n

Yellen made no mention of interest rates or the US economy, so markets ignored her comments.<\/p>\n

US data:<\/strong><\/p>

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ISM services PMI (Sep): 59.8 (forecast: 55.4, previous: 55.3).<\/p>\n

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