{"id":133568,"date":"2018-09-12T10:35:27","date_gmt":"2018-09-12T14:35:27","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=133568"},"modified":"2018-09-12T06:54:02","modified_gmt":"2018-09-12T10:54:02","slug":"eurgbp-analysis-weaker-german-data-and-improving-uk-figures-bearish-for-eurgbp","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/09\/eurgbp-analysis-weaker-german-data-and-improving-uk-figures-bearish-for-eurgbp\/","title":{"rendered":"EURGBP Analysis &#8211; Weaker German data and improving UK figures bearish for EURGBP"},"content":{"rendered":"<div id=\"inves-1854439\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">September 12, 2018<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p>\n<p><strong>Weaker German data and improving UK figures bearish for EURGBP<\/strong><\/p>\n<blockquote><p>German balance of trade surplus fell while UK\u2019s deficit narrowed in July. Will the <a href=\"https:\/\/www.ifcmarkets.com\/en\/trading-conditions\/forex\/eurgbp\"> EURGBP <\/a> slide continue?<\/p><\/blockquote>\n<p>Recent data indicate German economy is slowing due to global trade war uncertainty whereas UK indicators are improving together with increasing hope of Brexit deal in coming weeks. Thus, the German balance of trade surplus declined sizably to \u20ac16.5 billion in July from \u20ac21.8 in June as the current account surplus recorded an even steeper decline, accompanied by accelerated reduction in industrial output. Meanwhile the UK trade deficit narrowed drastically to \u00a3111 million in July from \u00a3942 million in June. And while the UK industrial output expansion slowed it still recorded 0.1% on month growth. At the same time wage growth accelerated in July. Weaker German data while UK figures are improving are bearish for EURGBP.<\/p>\n<p style=\"text-align: center; margin-bottom: 20px; margin-top: 20px;\"><img decoding=\"async\" style=\"float: none;\" src=\"https:\/\/ifccd.net\/uploads\/image\/EURGBP_O_12Sept2018.png\" alt=\"EURGBP tests support 09\/12\/2018 Technical Analysis IFC Markets\" width=\"660px\" \/><\/p>\n<p class=\"emailSummary\">On the daily timeframe <b>EURGBP: D1 <\/b> has breached below the support line.<\/p>\n<ul class=\"emailSummary\">\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/parabolic\">Parabolic indicator<\/a> has formed a sell signal.<\/li>\n<li>The <b>Donchian channel <\/b> indicates downtrend : it is widening down.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/macd\"> MACD indicator <\/a> gives a bearish signal.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/stochastic\"> stochastic oscillator <\/a> is in the oversold zone, this is a bullish signal.<\/li>\n<\/ul>\n<p>We believe the bearish momentum will continue after the price breaches below the lower Donchian boundary at 0.8876. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above the last fractal high at 0.9071. After placing the pending order the stop loss is to be moved every day to the next fractal high, following Parabolic signals. Thus, we are changing the probable profit\/loss ratio to the breakeven point. If the price meets the stop-loss level (0.9071) without reaching the order (0.8876) we recommend cancelling the order: the market sustains internal changes which were not taken into account.<\/p>\n<h2 class=\"emailSummary\" style=\"margin-top: 15px !important;\">Technical Analysis Summary<\/h2>\n<table style=\"border: solid 1px black;\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Position<\/b><\/td>\n<td align=\"left\" valign=\"top\">Sell<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Sell Stop<\/b><\/td>\n<td align=\"left\" valign=\"top\">Below 0.8876<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"top\">Above 0.9071<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p><div id=\"inves-145306221\" 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","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Weaker German data and improving UK figures bearish for EURGBP German balance of trade surplus fell while UK\u2019s deficit narrowed in July. Will the EURGBP slide continue? Recent data indicate German economy is slowing due to global trade war uncertainty whereas UK indicators are improving together with increasing hope of Brexit deal in [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-133568","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/133568","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\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=133568"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/133568\/revisions"}],"predecessor-version":[{"id":133584,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/133568\/revisions\/133584"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=133568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=133568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=133568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}