{"id":137749,"date":"2018-11-23T07:35:13","date_gmt":"2018-11-23T12:35:13","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=137749"},"modified":"2018-11-23T07:05:39","modified_gmt":"2018-11-23T12:05:39","slug":"eurusd-a-breakout-of-the-trend-line-is-expected","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/11\/eurusd-a-breakout-of-the-trend-line-is-expected\/","title":{"rendered":"EURUSD: a breakout of the trend line is expected"},"content":{"rendered":"<div id=\"inves-3269154582\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">November 23, 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>Summary:<\/em><\/strong><\/p>\n<p>On Thursday the 22<sup>nd<\/sup> of November, the euro closed slightly up. High volatility was observed during the European session in connection with the news on Brexit and Italy. The euro\/dollar rate rose to 1.1434, after which it stabilised near the trend line at 1.14. Sellers did not pass through this trend line, as US markets were closed and volumes were lowered due to the holiday.<\/p>\n<p><strong><em>Day&#8217;s news (GMT+3):<\/em><\/strong><\/p>\n<ul class=\"list list_type_disc\">\n<li>10:00 Germany: GDP (Q3).<\/li>\n<li>11:15 France: Markit manufacturing PMI (Nov), Markit services PMI (Nov).<\/li>\n<li>16:30 Canada: CPI (Oct), retail sales (Sep).<\/li>\n<li>17:45 US: Markit manufacturing PMI (Nov), Markit services PMI (Nov)<\/li>\n<li>21:00 US: US Baker Hughes oil rig count.<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/alpari.com\/data\/media\/cms\/images\/647_5bf7a6f6d29c7.png\" alt=\"\" \/><\/p>\n<p align=\"center\">Fig 1. EURUSD hourly chart.<\/p>\n<p><strong><em>Current situation:<\/em><\/strong><\/p>\n<p>Despite the abundance of news on Brexit and Italy, yesterday&#8217;s movement coincided with the forecast. I believe that the correctional model from 1.1359 ended at 1.1343. The price is close to the trend line. Considering the position of the stochastic oscillator in the sell zone and the CCI indicator crossing the level of +100 from the top, according to the forecast, I am expecting a breakout of the trend line and long positions to drop to the 45<sup>th<\/sup> degree. Since the US session today is short, in this thin market the decline may increase to 1.1354.<\/p>\n<p>Source: <a href=\"https:\/\/alpari.com\/en\/analytics\/reviews\/market_sessions\/29443_23112018\/\">EURUSD: a breakout of the trend line is expected<\/a><\/p>\n<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Matthew Anthony, Alpari Summary: On Thursday the 22nd of November, the euro closed slightly up. High volatility was observed during the European session in connection with the news on Brexit and Italy. The euro\/dollar rate rose to 1.1434, after which it stabilised near the trend line at 1.14. Sellers did not pass through this [&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-137749","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/137749","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=137749"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/137749\/revisions"}],"predecessor-version":[{"id":137750,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/137749\/revisions\/137750"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=137749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=137749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=137749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}