{"id":125099,"date":"2018-04-13T07:08:59","date_gmt":"2018-04-13T11:08:59","guid":{"rendered":"http:\/\/countingpips.com\/?p=125099"},"modified":"2018-06-01T15:40:53","modified_gmt":"2018-06-01T15:40:53","slug":"eurusd-decline-awaits-the-euro-in-europe","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/04\/eurusd-decline-awaits-the-euro-in-europe\/","title":{"rendered":"EURUSD: decline awaits the euro in Europe"},"content":{"rendered":"<div id=\"inves-2217841343\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">April 13, 2018<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By Gabriel Ojimadu, Alpari<\/strong><\/p>\n<div class=\"reviews-item__content\">\n<p><strong>Previous:<\/strong><\/p>\n<p>On Thursday the 12<sup>th<\/sup>\u00a0of April, trading on the EURUSD pair closed down. As US president Trump dialed down his rhetoric on Syria, the US dollar got a boost along with US stocks and bond yields. Trump also mentioned that trade talks between Washington and Beijing are going well, which provided additional support to the dollar.<\/p>\n<p>US10Y bond yields jumped from 2.773% to 2.840%. During the US session, the euro dropped to 1.2300.<\/p>\n<p>According to the minutes of the ECB\u2019s latest meeting on monetary policy, the regulator has expressed concerns over the euro\u2019s strength as well as over the prospect of a trade war with the US.<\/p>\n<p><strong>Day\u2019s news (GMT+3):<\/strong><\/p>\n<ul class=\"list list_type_disc\">\n<li>12:00 Eurozone: trade balance (Feb).<\/li>\n<li>15:00 USA: Fed\u2019s Rosengren speech.<\/li>\n<li>16:00 USA: Fed\u2019s Bullard speech.<\/li>\n<li>17:00 USA: Michigan consumer sentiment index (Apr), JOLTS job openings (Feb).<\/li>\n<li>20:00 USA: Baker Hughes US oil rig count, FOMC member Kaplan\u2019s speech.<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/alpari.com\/data\/media\/cms\/images\/13040_5ad05ee36698a.png\" alt=\"\" \/><\/p>\n<p align=\"center\">Fig 1. EURUSD hourly chart. Source: TradingView<\/p><div id=\"inves-3280994262\" 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<p>The euro dropped to the 67<sup>th<\/sup>\u00a0degree yesterday just as I expected. The decline came to an end at 1.2300. Here, buyers got some support from the local minimum from the 10<sup>th<\/sup>\u00a0of April. The rate missed the 90<sup>th<\/sup>degree and rebounded to 1.2340, from which point a new correctional phase began. The pair has been in this phase for the last 12 hours.<\/p>\n<p>Because of the rebound, the situation has become slightly ambiguous, but if the bears come out to play either now or at the beginning of the European session, the euro should test the 1.2285 mark against the dollar before trading in Europe closes.<\/p>\n<p>In Asia, the dollar has mixed dynamics against the majors. It\u2019s up against the safe havens (JPY and CHF), which means that investors aren\u2019t particularly worried about Syria for now. The economic calendar is pretty empty for Europe. Barring any developments in the US, market participants will adhere to technical signals in today\u2019s trading. The case for a drop will disappear if the hourly candlestick closes above 1.2352.<\/p>\n<p>I\u2019ve proposed an alternative scenario on the chart as well, which will play out if the bulls try to disrupt the downwards trend and break through the trend line at 1.2345.<\/p>\n<div class=\"s_invisible_yes\">Source: &#8220;<a href=\"https:\/\/alpari.com\/en\/hidden_copyright\/\" rel=\"nofollow\">EURUSD: decline awaits the euro in Europe<\/a>&#8220;<\/div>\n<\/div>\n<div><\/div>\n<div><\/div>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Gabriel Ojimadu, Alpari Previous: On Thursday the 12th\u00a0of April, trading on the EURUSD pair closed down. As US president Trump dialed down his rhetoric on Syria, the US dollar got a boost along with US stocks and bond yields. Trump also mentioned that trade talks between Washington and Beijing are going well, which provided [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-125099","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/125099","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=125099"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/125099\/revisions"}],"predecessor-version":[{"id":125101,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/125099\/revisions\/125101"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=125099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=125099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=125099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}