{"id":135851,"date":"2018-10-21T10:03:15","date_gmt":"2018-10-21T14:03:15","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=135851"},"modified":"2018-10-21T10:03:15","modified_gmt":"2018-10-21T14:03:15","slug":"eurusd-downside-pressure-stalls-bounces-off-1-1531-support","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/10\/eurusd-downside-pressure-stalls-bounces-off-1-1531-support\/","title":{"rendered":"EURUSD Downside Pressure Stalls, Bounces Off 1.1531 Support"},"content":{"rendered":"<div id=\"inves-4126513583\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">October 21, 2018<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By FXTechStrategy.com<\/strong><\/p>\n<p>EURUSD downside pressure stalled as it saw a bounce off its key support at 1.1531 to close higher on Friday. While that level holds as support it faces the risk of a move further higher nearer term. On the upside, resistance comes in at 1.1550 level. A break through there opens the door for more upside towards the 1.1600 level. Further up, resistance lies at the 1.1650 level where a break will expose the 1.1700 level. On the downside, support lies at the 1.1450 level where a violation will aim at the 1.1400 level. A break of here will aim at the 1.1350 level. Below here will open the door for more weakness towards the 1.1300. All in all, EURUSD still faces a downside pressure medium term but with recovery threats.<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/www.fxtechstrategy.com\/wp-content\/uploads\/2018\/10\/EURUSDDaily-2.png\" \/><\/p>\n<p>This is an excerpt from our\u00a0<a href=\"http:\/\/www.fxtechstrategy.com\/pricing-and-plans-2\/\" target=\"_blank\" rel=\"noopener\">10-currency daily analysis and trade alerts\u00a0<\/a>with buy\/sell entries, stoplosses and profit targets\u2026<strong><a href=\"http:\/\/www.fxtechstrategy.com\/pricing-and-plans-2\/\" target=\"_blank\" rel=\"noopener\">Click Here To Get Started<\/a><\/strong><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By FXTechStrategy.com EURUSD downside pressure stalled as it saw a bounce off its key support at 1.1531 to close higher on Friday. While that level holds as support it faces the risk of a move further higher nearer term. On the upside, resistance comes in at 1.1550 level. A break through there opens the door [&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-135851","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135851","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=135851"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135851\/revisions"}],"predecessor-version":[{"id":135853,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/135851\/revisions\/135853"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=135851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=135851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=135851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}