{"id":137244,"date":"2018-11-15T07:15:20","date_gmt":"2018-11-15T12:15:20","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=137244"},"modified":"2018-11-15T06:42:31","modified_gmt":"2018-11-15T11:42:31","slug":"eurusd-euro-bulls-preparing-to-break-through-1-1350","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/11\/eurusd-euro-bulls-preparing-to-break-through-1-1350\/","title":{"rendered":"EURUSD: euro bulls preparing to break through 1.1350"},"content":{"rendered":"<div id=\"inves-3167338743\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">November 15, 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 Wednesday the 14<sup>th<\/sup> of November, trading on the euro closed slightly up. Fluctuations on the GBPUSD pair exerted their influence on the single currency throughout the day. The fluctuations on the British pound were the result of contradictory reports on Brexit. The pound and euro closed up against the dollar. The euro closed against the dollar at 1.1323.<\/p>\n<p>After a Cabinet meeting, UK Prime Minister Theresa May announced that she had won the backing of her ministers for a draft withdrawal agreement with the EU. She believes that this is \u201cthe best that could be negotiated\u201d.<\/p>\n<p><strong><em>Day\u2019s news (GMT+3):<\/em><\/strong><\/p>\n<ul class=\"list list_type_disc\">\n<li>12:30 UK: retail sales (Oct).<\/li>\n<li>13:00 Eurozone: trade balance (Sep).<\/li>\n<li>15:15 Eurozone: ECB\u2019s C\u0153ur\u00e9 Speech.<\/li>\n<li>16:10 Eurozone: ECB\u2019s Praet speech.<\/li>\n<li>16:30 US: retail sales (Oct), initial jobless claims (9 Nov), NY Empire State manufacturing index (Nov), Philadelphia Fed manufacturing index (Nov), import price index (Oct).<\/li>\n<li>19:00 US: EIA crude oil stocks change (9 Nov).<\/li>\n<li>19:30 US: Fed\u2019s Powell speech.<\/li>\n<li>21:00 US: FOMC member Bostic speech.<\/li>\n<li>23:00 US: FOMC member Kashkari speech.<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/alpari.com\/data\/media\/cms\/images\/642_5bed1a2a1fe07.png\" alt=\"\" \/><\/p>\n<p align=\"center\">Fig 1. EURUSD hourly chart.<\/p>\n<p><strong><em>Current situation:<\/em><\/strong><\/p><div id=\"inves-921935387\" 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>My expectations of a return to the balance line yesterday were proven entirely correct. Growth on the pair continued from the 45<sup>th<\/sup> degree. The 67<sup>th<\/sup> degree above provided resistance to buyers. The euro has rebounded from it twice, but given that the pair is trading down in Asia and the euro crosses are trading up, I think it worth preparing for a jump to 1.1382. If the bulls manage to gain a bit of momentum here, they should be able to test the 1.1400 mark. I think the bullish impulse will only take them as far as the upper line of the upwards channel.<\/p>\n<p>There are a lot of speeches today, including from Fed Chair Jerome Powell. Inflation data for October was released in the US yesterday. This fell in line with market expectations, but according to experts, this hasn\u2019t provided the Fed any reasons to speed up their rate hike trajectory. The more ambitious the euro\u2019s growth against the dollar, the less likely we are to see it drop to 1.1215.<\/p>\n<div class=\"s_invisible_yes\">Source: &#8220;<a href=\"https:\/\/alpari.com\/en\/hidden_copyright\/\" rel=\"nofollow\">EURUSD: euro bulls preparing to break through 1.1350<\/a>&#8220;<\/div>\n<\/div>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Matthew Anthony, Alpari Previous: On Wednesday the 14th of November, trading on the euro closed slightly up. Fluctuations on the GBPUSD pair exerted their influence on the single currency throughout the day. The fluctuations on the British pound were the result of contradictory reports on Brexit. The pound and euro closed up against 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-137244","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/137244","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=137244"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/137244\/revisions"}],"predecessor-version":[{"id":137245,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/137244\/revisions\/137245"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=137244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=137244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=137244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}