{"id":134097,"date":"2018-09-21T08:02:47","date_gmt":"2018-09-21T12:02:47","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=134097"},"modified":"2018-09-21T07:05:22","modified_gmt":"2018-09-21T11:05:22","slug":"eurusd-the-euro-is-close-to-the-upper-boundary-of-the-channel","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/09\/eurusd-the-euro-is-close-to-the-upper-boundary-of-the-channel\/","title":{"rendered":"EURUSD: the euro is close to the upper boundary of the channel"},"content":{"rendered":"
September 21, 2018<\/div>
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By Gabriel Ojimadu, Alpari<\/strong><\/p>\n

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Previous:<\/em><\/strong><\/p>\n

On Thursday the 20th<\/sup>\u00a0of September, trading on the EURUSD pair closed up. The euro bulls broke through the resistance at 1.1725 on the back of a reduced appetite for risk. The single currency recovered to 1.1785 by the end of the US session.<\/p>\n

Pressure on the greenback increased after the release of GDP data from New Zealand (strengthening NZD), increasing further in the European session after the release of strong British retail sales data (strengthening GBP).<\/p>\n

The dollar lost ground across the board despite a rise in US10Y bond yields and favourable statistics on jobless claims and the Philadelphia manufacturing index. This is too much, so today the market should iron out these creases. Bond yields rose to their highest level in 4 months (3.099%).<\/p>\n

Day\u2019s news (GMT+3):<\/em><\/strong><\/p>\n