{"id":133535,"date":"2018-09-11T07:35:44","date_gmt":"2018-09-11T11:35:44","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=133535"},"modified":"2018-09-11T06:46:10","modified_gmt":"2018-09-11T10:46:10","slug":"eurusd-a-rebound-to-the-balance-line-is-likely","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/09\/eurusd-a-rebound-to-the-balance-line-is-likely\/","title":{"rendered":"EURUSD: a rebound to the balance line is likely"},"content":{"rendered":"<div id=\"inves-1951531703\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">September 11, 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 Monday the 10<sup>th<\/sup>\u00a0of September, trading on the euro closed up. The correction against Friday worked out. The price has recovered to 1.1616. It could go up higher, but was limited by a decrease in the exchange rate of the euro\/pound cross pair.<\/p>\n<p>The British pound received support against the major currencies on the news that the EU and UK have made progress in the Brexit negotiations. EU representative Michel Barnier said that within the next 6-8 weeks it is likely that they will prepare a trade agreement, which will take effect once the UK leaves the EU.<\/p>\n<p><strong>Day&#8217;s news (GMT+3):<\/strong><\/p>\n<ul class=\"list list_type_disc\">\n<li>11:30 UK: ILO unemployment rate (3M) (Jul), claimant count change (Aug), average earnings (3Mo\/Yr) (Jul).<\/li>\n<li>12:00 Eurozone: ZEW survey &#8211; economic sentiment (Sep).<\/li>\n<li>12:00 Germany: ZEW survey &#8211; economic sentiment (Sep).<\/li>\n<li>15:15 Canada: housing starts s.a (YoY) (Sep 7).<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/alpari.com\/data\/media\/cms\/images\/eur_110918_5b97603a9ae49.png\" alt=\"\" \/><\/p>\n<p>Fig 1. EURUSD hourly chart.<\/p>\n<p><strong>Current situation:<\/strong><\/p><div id=\"inves-3485483832\" 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>My expectations on Monday proved true. The price is sticking to the weekly forecast. As the Asian low was updated before the euro strengthened, today I wanted to make a separate scenario for growth to 1.1634. I left it as is. The economic calendar on Tuesday is scant, so we could end up in a narrow range today. The support is at 1.1562 (45th degree).<\/p>\n<p>Source:\u00a0<a href=\"https:\/\/alpari.com\/en\/analytics\/reviews\/market_sessions\/27902_11092018\/\" target=\"_blank\" rel=\"noopener\">EURUSD: a rebound to the balance line is likely<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Gabriel Ojimadu, Alpari Previous: On Monday the 10th\u00a0of September, trading on the euro closed up. The correction against Friday worked out. The price has recovered to 1.1616. It could go up higher, but was limited by a decrease in the exchange rate of the euro\/pound cross pair. The British pound received support against the [&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-133535","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/133535","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=133535"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/133535\/revisions"}],"predecessor-version":[{"id":133536,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/133535\/revisions\/133536"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=133535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=133535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=133535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}