{"id":116016,"date":"2017-11-06T06:16:08","date_gmt":"2017-11-06T11:16:08","guid":{"rendered":"http:\/\/countingpips.com\/?p=116016"},"modified":"2018-06-01T15:53:30","modified_gmt":"2018-06-01T15:53:30","slug":"eurusd-is-in-consolidation-of-the-downtrend-from-1-2092","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/11\/eurusd-is-in-consolidation-of-the-downtrend-from-1-2092\/","title":{"rendered":"EURUSD is in consolidation of the downtrend from 1.2092"},"content":{"rendered":"<div id=\"inves-2425828430\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">November 6, 2017<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><div class=\"entry-content\">\n<p>EURUSD is in consolidation of the downtrend from 1.2092 (Sep 8 high). Range trading between 1.1574 and 1.1725 would likely be seen in the coming days. As long as the support-turned-resistance level of 1.1725 holds, the downside movement could be expected to resume after the consolidation and a breakdown below 1.1574 could take price to <a href=\"http:\/\/www.forexcycle.com\/long-term-forex-analysis\/115936-eurusd-weekly-analysis-november-5-2017.html\">1.1400 area<\/a>. On the upside, a breakout of 1.1725 resistance will indicate that lengthier consolidation for the downtrend is needed, then next target would be at the falling trend line on the 4-hour chart.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-115950\" src=\"http:\/\/www.forexcycle.com\/wp-content\/uploads\/2017\/20171106_EURUSD_1.png\" alt=\"EURUSD 4-hour chart\" width=\"500\" height=\"300\" \/><\/p>\n<\/div>\n<p>By <a href=\"http:\/\/ForexCycle.com\" target=\"_blank\" rel=\"noopener\">ForexCycle.com<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>EURUSD is in consolidation of the downtrend from 1.2092 (Sep 8 high). Range trading between 1.1574 and 1.1725 would likely be seen in the coming days. As long as the support-turned-resistance level of 1.1725 holds, the downside movement could be expected to resume after the consolidation and a breakdown below 1.1574 could take price to [&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-116016","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/116016","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=116016"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/116016\/revisions"}],"predecessor-version":[{"id":116030,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/116016\/revisions\/116030"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=116016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=116016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=116016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}