{"id":137062,"date":"2018-11-12T07:45:47","date_gmt":"2018-11-12T12:45:47","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=137062"},"modified":"2018-11-12T06:46:36","modified_gmt":"2018-11-12T11:46:36","slug":"eurusd-the-pair-is-close-to-the-lower-boundary-of-the-b-b-channel","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/11\/eurusd-the-pair-is-close-to-the-lower-boundary-of-the-b-b-channel\/","title":{"rendered":"EURUSD: the pair is close to the lower boundary of the B-B channel"},"content":{"rendered":"<div id=\"inves-140011131\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">November 12, 2018<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By <a href=\"https:\/\/alpari.com\/en\/analytics\/analysts\/anthony\/\">Matthew Anthony, Alpari<\/a><\/strong><\/p>\n<div class=\"reviews-item__content\">\n<p><strong><em>Previous:<\/em><\/strong><\/p>\n<p>On Friday the 9<sup>th<\/sup> of November, trading on the EURUSD pair closed down. The euro took a dive on the back of a broadly stronger dollar, along with a weakening pound and Canadian dollar, which dragged the market down with it.<\/p>\n<p>Today, the euro dropped from 1.1369 to 1.1316. The British pound has fallen to 1.2958. This drop came after reports of UK Minister for London Jo Johnson\u2019s resignation, who left his post saying that he cannot support the government\u2019s Brexit deal.<\/p>\n<p><strong><em>Day\u2019s news (GMT+3):<\/em><\/strong><\/p>\n<ul class=\"list list_type_disc\">\n<li>12:00 Eurozone: ECB Vice President Luis de Guindos speech.<\/li>\n<li>22:30 US: FOMC member Daly speech.<\/li>\n<li>24-hr US: Veterans Day.<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/alpari.com\/data\/media\/cms\/images\/12.11.18_EURUSD_H1_5be935cf7bac4.png\" alt=\"\" \/><\/p>\n<p align=\"center\">Fig1. EURUSD daily chart.<\/p>\n<p><strong><em>Current situation:<\/em><\/strong><\/p><div id=\"inves-299945429\" 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>On Monday, the dollar continued on its upwards trajectory against the majors, including the euro. The pound is falling and dragging all other currencies down with it. The dollar is being propped up by expectations of further interest rate hikes.<\/p>\n<p>The EURUSD pair has dropped to 1.1269 today. I\u2019ve shown the daily chart above in order for you get a better idea of the bigger picture. The trend line was broken through on the 24<sup>th<\/sup> of October. The bulls tried, and failed, to get the rate back to this level. The rate instead dropped to 1.1268, and is currently sitting around the lower line of the B-B channel.<\/p>\n<p>The economic calendar is virtually empty today. There\u2019s a small chance of a rebound from the line. If we look at the bigger picture, the euro looks poised to drop to 1.1050. 1.1160 will provide some intermediate resistance.<\/p>\n<div class=\"s_invisible_yes\">Source: &#8220;<a href=\"https:\/\/alpari.com\/en\/hidden_copyright\/\" rel=\"nofollow\">EURUSD: the pair is close to the lower boundary of the B-B channel<\/a>&#8220;<\/div>\n<\/div>\n<div><\/div>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Matthew Anthony, Alpari Previous: On Friday the 9th of November, trading on the EURUSD pair closed down. The euro took a dive on the back of a broadly stronger dollar, along with a weakening pound and Canadian dollar, which dragged the market down with it. Today, the euro dropped from 1.1369 to 1.1316. 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-137062","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/137062","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=137062"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/137062\/revisions"}],"predecessor-version":[{"id":137063,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/137062\/revisions\/137063"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=137062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=137062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=137062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}