{"id":137813,"date":"2018-11-26T07:30:48","date_gmt":"2018-11-26T12:30:48","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=137813"},"modified":"2018-11-26T06:39:20","modified_gmt":"2018-11-26T11:39:20","slug":"eurusd-growth-against-fridays-decline-on-the-cards","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/11\/eurusd-growth-against-fridays-decline-on-the-cards\/","title":{"rendered":"EURUSD: growth against Friday\u2019s decline on the cards"},"content":{"rendered":"<div id=\"inves-1632135256\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">November 26, 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 23<sup>rd<\/sup> of November, trading on the EURUSD pair closed down. The single currency shed 94 pips against the greenback to hit a weekly low of 1.1327. The pair\u2019s slide was the result of disappointing data from the Eurozone and Germany, as well as increased demand for the dollar on the back a renewed retreat from risky assets ahead of the weekend. As US markets were operating on a shortened schedule due to the Thanksgiving holidays, there was nothing to stop the bears from hitting fresh lows.<\/p>\n<p><strong><em>Day\u2019s news (GMT):<\/em><\/strong><\/p>\n<ul class=\"list list_type_disc\">\n<li>12:00 Germany: IFO \u2013 business climate (Nov), IFO \u2013 current assessment (Nov), IFO \u2013 expectations (Nov).<\/li>\n<li>12:00 Eurozone: ECB\u2019s Praet speech.<\/li>\n<li>12:30 UK: BBA mortgage approvals (Oct).<\/li>\n<li>15:00 Eurozone: ECB\u2019s Novotny speech.<\/li>\n<li>15:30 Eurozone: ECB\u2019s C\u0153ur\u00e9 Speech.<\/li>\n<li>16:30 US: Chicago Fed national activity index (Oct).<\/li>\n<li>17:00 Eurozone: ECB President Draghi\u2019s speech.<\/li>\n<li>21:30 BoE Governor Carney\u2019s speech.<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/alpari.com\/data\/media\/cms\/images\/26.11.18_EURUSD_H1_5bfba89df1355.png\" alt=\"\" \/><\/p>\n<p align=\"center\">Fig 1. EURUSD hourly chart.<\/p>\n<p><strong><em>Current situation:<\/em><\/strong><\/p>\n<p>The euro lost ground against the dollar on Friday. My expectations of a drop and a breakout of the trend line were proven correct.<\/p><div id=\"inves-520951955\" 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>The euro started recovering its losses in Monday\u2019s Asian session. In my forecast, I expect to see movements against Friday\u2019s up to 1.1380. I thought that the euro and pound would start rising as soon as trading opened. Over the weekend, the leaders of all 27 EU member states convened in Brussels and reached a deal on the UK\u2019s terms of exit. The pound barely reacted to this news as this had been expected. Clearly the bulls are saving their energy for later when the British parliament ratifies this deal.<\/p>\n<p>ECB President Mario Draghi will give a speech to the European parliament\u2019s monetary policy committee today at 17:00 (EET). Ahead of this, starting from 15:00, board members Novotny and C\u0153ur\u00e9 will also give speeches.<\/p>\n<p>I can\u2019t see anything getting in the way of a correction to 1.14 today, except for the balance line and 45<sup>th<\/sup> degree. The situation in Italy isn\u2019t currently having any effect on markets, but you should remain vigilant all the same if you have a long position.<\/p>\n<div class=\"s_invisible_yes\">Source: &#8220;<a href=\"https:\/\/alpari.com\/en\/hidden_copyright\/\" rel=\"nofollow\">EURUSD: growth against Friday\u2019s decline on the cards<\/a>&#8220;<\/div>\n<\/div>\n<div><\/div>\n<div><\/div>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Matthew Anthony, Alpari Previous: On Friday the 23rd of November, trading on the EURUSD pair closed down. The single currency shed 94 pips against the greenback to hit a weekly low of 1.1327. The pair\u2019s slide was the result of disappointing data from the Eurozone and Germany, as well as increased demand for 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-137813","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/137813","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=137813"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/137813\/revisions"}],"predecessor-version":[{"id":137814,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/137813\/revisions\/137814"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=137813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=137813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=137813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}