{"id":114561,"date":"2017-10-11T11:15:37","date_gmt":"2017-10-11T15:15:37","guid":{"rendered":"http:\/\/countingpips.com\/?p=114561"},"modified":"2018-06-01T15:55:38","modified_gmt":"2018-06-01T15:55:38","slug":"eurusd-forex-technical-analysis-positive-economic-data-were-released-in-germany","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/10\/eurusd-forex-technical-analysis-positive-economic-data-were-released-in-germany\/","title":{"rendered":"EURUSD: Forex Technical Analysis &#8211; Positive economic data were released in Germany"},"content":{"rendered":"<div id=\"inves-3004525701\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">October 11, 2017<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p>\n<p><strong>Positive economic data were released in Germany<\/strong><\/p>\n<p>Several positive factors emerged in the European Union at once. Will the<br \/>\n<a href=\"https:\/\/www.ifcmarkets.com\/en\/trading-conditions\/forex\/eurusd\">euro quotes <\/a>continue to grow?<\/p>\n<p>The tensions around the referendum on the Catalonia exit from Spain are gradually subsiding. The Spanish province is unlikely to become independent, which reduces political risks in the eurozone and positively affects the euro exchange rate. Positive foreign trade data for August 2017 came out in Germany. Export grew by 3.1%, which is the highest increase for 12 months. The import growth was much lower amounting to 1.2%. Subsequently, the trade surplus (20 bln euros) and the current account balance (17.8 bln euros) markedly exceeded the preliminary forecasts. On Monday, the industrial production data again for August came out in Germany. Its growth by 4.7% in annual terms turned out to be the highest for the last 6 years. Such positive German statistics contribute to the euro strengthening. Another good factor was the opinion of the ECB Executive Board member Sabine Lautenschlaeger that the ECB may begin to tighten its monetary policy in 2018.<\/p>\n<p style=\"text-align: center; margin-bottom: 20px; margin-top: 20px;\"><img decoding=\"async\" style=\"float: none;\" src=\"https:\/\/www.ifcmarkets.com\/uploads\/images\/10-10-2017.png\" alt=\"EURUSD\" width=\"660px\" \/><\/p>\n<p class=\"emailSummary\">On the daily timeframe, <b>EURUSD: D1<\/b> overcame the resistance line of the downtrend. Further price increase is possible in case of maintaining positive trends in the European economy and the presence of economic and political risks in the US.<\/p>\n<ul class=\"emailSummary\">\n<li>The <b>Parabolic indicator <\/b> gives a bullish signal.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/bolinger-bands\">Bollinger bands <\/a> have widened, which means higher volatility.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/rsi\">RSI indicator <\/a> is near 50. It has formed a positive divergence.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/macd\">MACD indicator <\/a> gives a bullish signal.<\/li>\n<\/ul>\n<p>The bullish momentum may develop in case <b>EURUSD<\/b> exceeds its last high at 1.185. This level may serve as an entry point. The initial stop loss may be placed below the Parabolic signal and the last fractal low at 1.166. After opening the pending order, we shall move the stop to the next fractal low following the Bollinger and Parabolic signals. Thus, we are changing the potential profit\/loss to the breakeven point. More risk-averse traders may switch to the 4-hour chart after the trade and place there a stop loss moving it in the direction of the trade. If the price meets the stop level at 1.166 without reaching the order at 1.185 we recommend cancelling the position: the market sustains internal changes that were not taken into account.<\/p><div id=\"inves-2662698519\" 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<h2 class=\"emailSummary\" style=\"margin-top: 15px !important;\">Summary of technical analysis<\/h2>\n<table style=\"border: solid 1px black;\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Position<\/b><\/td>\n<td align=\"left\" valign=\"top\">Buy<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Buy stop<\/b><\/td>\n<td align=\"left\" valign=\"top\">above 1,185<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"top\">below 1,166<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Positive economic data were released in Germany Several positive factors emerged in the European Union at once. Will the euro quotes continue to grow? The tensions around the referendum on the Catalonia exit from Spain are gradually subsiding. The Spanish province is unlikely to become independent, which reduces political risks in the eurozone [&hellip;]<\/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-114561","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/114561","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=114561"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/114561\/revisions"}],"predecessor-version":[{"id":114564,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/114561\/revisions\/114564"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=114561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=114561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=114561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}