{"id":128703,"date":"2018-06-19T07:15:21","date_gmt":"2018-06-19T11:15:21","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=128703"},"modified":"2018-06-19T06:15:27","modified_gmt":"2018-06-19T10:15:27","slug":"eurusd-the-euros-situation-is-ambiguous","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/06\/eurusd-the-euros-situation-is-ambiguous\/","title":{"rendered":"EURUSD: the euro\u2019s situation is ambiguous"},"content":{"rendered":"<div id=\"inves-1006998834\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">June 19, 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>Since the euro\u2019s collapse on Thursday during Mario Draghi\u2019s press conference, the daily candlesticks have closed up two days in a row. At the beginning of yesterday\u2019s European session, the euro slid to 1.1565. It then recovered to 1.1620 in the US session, and climbed higher to reach 1.1645 in today\u2019s (Tuesday\u2019s) Asian session. The market\u2019s fluctuations yesterday occurred against the backdrop of an escalation in the trade dispute taking place between the US and China.<\/p>\n<p>US President Donald Trump intends to impose additional tariffs of 10% on 200bn USD of Chinese goods. The Japanese yen and Swiss franc have been enjoying increased demand.<\/p>\n<p><strong>Day\u2019s news (GMT+3):<\/strong><\/p>\n<ul class=\"list list_type_disc\">\n<li>11:00 Eurozone: current account (Apr), ECB President Draghi\u2019s speech.<\/li>\n<li>11:30 Eurozone: ECB\u2019s Praet speech.<\/li>\n<li>12:00 Eurozone: construction output (Apr).<\/li>\n<li>14:00 Eurozone: ECB\u2019s Praet speech.<\/li>\n<li>15:30 USA: building permits (May), housing starts (May).<\/li>\n<li>23:30 USA: API weekly crude oil stock.<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/alpari.com\/data\/media\/cms\/images\/19.06.18_EURUSD_H1_5b28b3c7e312f.png\" alt=\"\" \/><\/p>\n<p align=\"center\">Fid 1. EURUSD hourly chart. Source: TradingView<\/p>\n<p><strong>Current situation:<\/strong><\/p><div id=\"inves-756815133\" 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>In today\u2019s Asian session, the euro rose to 1.1645. The trade dispute between the US and China remains the day\u2019s key focus. China has vowed to respond in kind to this new set of US tariffs. The two governments\u2019 inability to find a compromise is pushing investors towards safe haven assets; namely the yen and franc.<\/p>\n<p>The euro didn\u2019t remain at 1.1645 for long. By the opening of today\u2019s European session, the rate had dropped to 1.1603. The euro is under pressure from disagreements over immigration policy in the German coalition government, as well as delays in curtailing the Eurozone\u2019s QE program.<\/p>\n<p>I missed a good entry point this morning. I decided not to try and jump on the moving train. It should turn out as it did yesterday; a 28-pip rebound from the 67<sup>th<\/sup>\u00a0degree and a new high. Moreover, the rate has reached the LB balance line. The 45<sup>th<\/sup>\u00a0degree is at 1.1591, which is getting support from the trend line of the correctional movement. A breakout of the trend line (if the hourly candlestick closes below the line) would open the way towards 1.15.<\/p>\n<div class=\"s_invisible_yes\">Source: &#8220;<a href=\"https:\/\/alpari.com\/en\/hidden_copyright\/\" rel=\"nofollow\">EURUSD: the euro\u2019s situation is ambiguous<\/a>&#8220;<\/div>\n<\/div>\n<div><\/div>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Gabriel Ojimadu, Alpari Previous: Since the euro\u2019s collapse on Thursday during Mario Draghi\u2019s press conference, the daily candlesticks have closed up two days in a row. At the beginning of yesterday\u2019s European session, the euro slid to 1.1565. It then recovered to 1.1620 in the US session, and climbed higher to reach 1.1645 in [&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-128703","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/128703","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=128703"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/128703\/revisions"}],"predecessor-version":[{"id":128704,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/128703\/revisions\/128704"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=128703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=128703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=128703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}