{"id":127910,"date":"2018-06-06T06:45:33","date_gmt":"2018-06-06T10:45:33","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=127910"},"modified":"2018-06-06T06:28:07","modified_gmt":"2018-06-06T10:28:07","slug":"eurusd-trading-on-the-euro-has-opened-up-in-europe","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/06\/eurusd-trading-on-the-euro-has-opened-up-in-europe\/","title":{"rendered":"EURUSD: trading on the euro has opened up in Europe"},"content":{"rendered":"<div id=\"inves-4090444632\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">June 6, 2018<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By\u00a0Gabriel Ojimadu, Alpari<\/strong><\/p>\n<p><strong>Previous:<\/strong><\/p>\n<p>On Tuesday the 5<sup>th<\/sup>\u00a0of May, trading on the EURUSD pair closed up. The single currency initially dropped to 1.1653 in the European session. By the end of the day, buyers had recovered all of their losses, bringing the rate back up to 1.1732.<\/p>\n<p>PMI data from the US was strong and exceeded market expectations. Their positive effect was short-lived, however. Rumours that the ECB will discuss its QE program at its next meeting on the 14<sup>th<\/sup>\u00a0of June shifted the sentiment among speculators. The euro rose against most other currencies and currently shows no sign of losing the ground it\u2019s gained.<\/p>\n<p><strong>US data:<\/strong><\/p>\n<ul class=\"list list_type_disc\">\n<li>ISM non-manufacturing PMI (May): 58.6 (forecast: 57.5, previous: 56.8).<\/li>\n<li>Markit services PMI (May): 56.8 (forecast: 55.7, previous: 55.7).<\/li>\n<\/ul>\n<p><strong>Day\u2019s news (GMT+3):<\/strong><\/p><div id=\"inves-2684198771\" 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<ul class=\"list list_type_disc\">\n<li>10:15 Switzerland: CPI (May).<\/li>\n<li>15:30 Canada: imports (Apr), exports (Apr), building permits (Apr).<\/li>\n<li>15:30 USA: trade balance (Apr), nonfarm productivity (Q1).<\/li>\n<li>17:00 Canada: Ivey PMI (May).<\/li>\n<li>17:30 USA: EIA crude oil stocks change (1 Jun).<\/li>\n<\/ul>\n<p><strong>Current situation:<\/strong><\/p>\n<p>Yesterday, everything turned out as I expected. After an unsuccessful attempt at continuing upwards, our pair broke through the trend line. The euro dropped after the publication of positive UK data. From around 1.1655 \u2013 1.1663, prices recovered to 1.1732. The ECB rumours helped to produce the second scenario on yesterday\u2019s chart.<\/p>\n<p>I\u2019ve had to rewrite this review three times already due to sharp price fluctuations, which is why there is no chart today. I couldn\u2019t figure out what caused these fluctuations, but I\u2019m setting a resistance a 1.1760. According to chart analysis, a rebound is likely here. I don\u2019t see any particularly important news releases for today.<\/p>\n<div class=\"s_invisible_yes\">Source: &#8220;<a href=\"https:\/\/alpari.com\/en\/hidden_copyright\/\" rel=\"nofollow\">EURUSD: trading on the euro has opened up in Europe<\/a>&#8220;<\/div>\n<div><\/div>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By\u00a0Gabriel Ojimadu, Alpari Previous: On Tuesday the 5th\u00a0of May, trading on the EURUSD pair closed up. The single currency initially dropped to 1.1653 in the European session. By the end of the day, buyers had recovered all of their losses, bringing the rate back up to 1.1732. PMI data from the US was strong and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-127910","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/127910","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=127910"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/127910\/revisions"}],"predecessor-version":[{"id":127911,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/127910\/revisions\/127911"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=127910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=127910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=127910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}