{"id":136476,"date":"2018-11-02T07:15:42","date_gmt":"2018-11-02T11:15:42","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=136476"},"modified":"2018-11-02T06:29:39","modified_gmt":"2018-11-02T10:29:39","slug":"eurusd-the-price-is-close-to-the-trend-line","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/11\/eurusd-the-price-is-close-to-the-trend-line\/","title":{"rendered":"EURUSD: the price is close to the trend line"},"content":{"rendered":"
November 2, 2018<\/div>
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By Matthew Anthony, Alpari<\/a><\/strong><\/p>\n

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

On Thursday the 1st<\/sup> of November, trading on the euro closed up 0.85% (+96 pips). The price kept this momentum during for three sessions. The euro rose against the US dollar amid partial profit taking in tandem with the British pound, as well as a significant weakening of the US dollar across the entire spectrum of the market due to falling bond yields and weak data on activity in the US manufacturing sector. Initially, the New Zealander and the pound caused the dollar to weaken. The remaining currencies have already followed suit.<\/p>\n

The Bank of England noted that next year the rate could grow even faster if a trade agreement is reached on Brexit. According to BOE head Carney, a trade agreement is likely.<\/p>\n

The ISM business activity index was 57.7 (forecast: 59.0; previous 59.8) for October. It increased pressure on the dollar, which grew during the Asian session.<\/p>\n

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