{"id":129213,"date":"2018-06-28T06:40:30","date_gmt":"2018-06-28T10:40:30","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=129213"},"modified":"2018-06-28T06:06:44","modified_gmt":"2018-06-28T10:06:44","slug":"eurusd-a-rebound-from-the-lower-border-of-the-ma-channel-is-possible","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/06\/eurusd-a-rebound-from-the-lower-border-of-the-ma-channel-is-possible\/","title":{"rendered":"EURUSD: a rebound from the lower border of the MA channel is possible"},"content":{"rendered":"<div id=\"inves-4236485504\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">June 28, 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 Wednesday the 27<sup>th<\/sup>\u00a0of June, the euro fell by 93 pips against the dollar to 1.1553. The fall of the euro\/dollar pair was due to the overall strengthening of the US currency, despite the decline in 10-year US Treasury bond yields and weak statistics. The dollar was supported by reports that the White House could soften its stance regarding the limit on Chinese investments in the US. It didn&#8217;t occur to me that the euro would drop below 1.16, so I was not prepared at all, as I thought that it would last for several days.<\/p>\n<p><strong>Day&#8217;s news (GMT+3):<\/strong><\/p>\n<ul class=\"list list_type_disc\">\n<li>11:00 Eurozone: economic bulletin.<\/li>\n<li>12:00 Eurozone: consumer confidence (Jul), industrial confidence (Jun), economic sentiment indicator (Jun), business climate (Jun).<\/li>\n<li>15:00 Germany: consumer price index (YoY) (Jun).<\/li>\n<li>15:30 US: gross domestic product annualised (Q1), initial jobless claims (Jun 22).<\/li>\n<li>16:30 UK: MPC member Haldane speech.<\/li>\n<li>17:45 US: Fed&#8217;s Bullard speech.<\/li>\n<li>19:00 US: FOMC member Bostic speech.<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/alpari.com\/data\/media\/cms\/images\/418_5b348f34928cb.png\" alt=\"\" \/><\/p>\n<p align=\"center\">Fig 1. EURUSD hourly chart. Source: TradingView<\/p>\n<p><strong>Current situation:<\/strong><\/p>\n<p>The euro fell to the D3 MA line from the LB balance line. During trading in Asia, quotes fell to 1.1527. I believe that the pressure on the euro in the European session will continue, and sellers today will try to return to the low of 1.1518 (21 June).<\/p><div id=\"inves-2024277877\" 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>According to the forecast, the euro is expected to weaken to 1.1504 (180 degrees). I don&#8217;t foresee it falling any lower, since a bullish divergence has appeared between the AO indicator and the price. The pair could undergo an upwards correction from its current level.<\/p>\n<p>A surge in market volatility is expected at 11:00 and 15:00 (GMT+3). An economic bulletin from the ECB will be issued at 11:00. At 15:00, Germany will publish its consumer price index for June. From D3, it would be nice to go back to LB, which is now far away at 1.1632, however the pair will close at around 1.1585.<\/p>\n<div class=\"s_invisible_yes\">Source: &#8220;<a href=\"https:\/\/alpari.com\/en\/hidden_copyright\/\" rel=\"nofollow\">EURUSD: a rebound from the lower border of the MA channel is possible<\/a>&#8220;<\/div>\n<\/div>\n<div><\/div>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Gabriel Ojimadu, Alpari Previous: On Wednesday the 27th\u00a0of June, the euro fell by 93 pips against the dollar to 1.1553. The fall of the euro\/dollar pair was due to the overall strengthening of the US currency, despite the decline in 10-year US Treasury bond yields and weak statistics. The dollar was supported by reports [&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-129213","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/129213","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=129213"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/129213\/revisions"}],"predecessor-version":[{"id":129214,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/129213\/revisions\/129214"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=129213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=129213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=129213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}