{"id":139360,"date":"2018-12-24T07:40:31","date_gmt":"2018-12-24T12:40:31","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=139360"},"modified":"2018-12-24T06:48:26","modified_gmt":"2018-12-24T11:48:26","slug":"eurusd-pair-has-met-the-support-at-around-1-1350","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/12\/eurusd-pair-has-met-the-support-at-around-1-1350\/","title":{"rendered":"EURUSD: pair has met the support at around 1.1350"},"content":{"rendered":"<div id=\"inves-3421441996\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">December 24, 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>Friday\u2019s trading closed nearly 100 pips down. Growth from the 1.1440 support stopped at the 1.1474 mark. While the subsequent drop seemed like a technical correction up until 1.1420, the breakout of the trend line at 1.1412 sped up the decline on the back of stop levels being activated and short positions closed.<\/p>\n<p>Buyers cashed in on their long positions thanks to the dollar\u2019s rise, before the greenback reversed ahead of the Christmas holidays. It was also given a boost by a US stock selloff, with the dollar and yen coming into play as safe havens.<\/p>\n<p>The majors showed mixed dynamics last week. Among the losers against the US dollar were the Aussie (-2.02%), the Loonie (-1.58%), and the Kiwi (-1.24%). Rising against the greenback were the yen (+1.95%), the euro (+0.59%), the pound (+0.33%), and the Swiss franc (+0.28%).<\/p>\n<p><strong><em>Day\u2019s news (GMT+3):<\/em><\/strong><\/p>\n<ul class=\"list list_type_disc\">\n<li>Christmas Eve.<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/alpari.com\/data\/media\/cms\/images\/24.12.18_EURUSD_H1_5c208c59e421f.png\" alt=\"\" \/><\/p>\n<p align=\"center\">Fig 1. EURUSD hourly chart.<\/p><div id=\"inves-2273332767\" 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><strong><em>Current situation:<\/em><\/strong><\/p>\n<p>After the breakout of the trend line, the EURUSD pair\u2019s drop came to an end at around the 112<sup>th<\/sup> degree at 1.1384 before recovering to 1.1393. Considering that Friday marked the second day of decline in a row for our pair, the fact that the economic calendar is empty, and that there is a reduced trading schedule in the US, today I expect to see the pair go against Friday\u2019s movements to the LB balance line at 1.1420.<\/p>\n<p>Market participants reacted to FOMC member Williams\u2019 speech, who said that the Fed would be keeping a close eye on statistics. If reports are strong, forecasts could change, which could affect the number of projected rate hikes in 2019.<\/p>\n<p>The pair has been trading within a sideways range of 250 pips since mid-November. I think it will stay within this range until the end of the year.<\/p>\n<div class=\"s_invisible_yes\">Source: &#8220;<a href=\"https:\/\/alpari.com\/en\/hidden_copyright\/\" rel=\"nofollow\">EURUSD: pair has met the support at around 1.1350<\/a>&#8220;<\/div>\n<div><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Matthew Anthony, Alpari Previous: Friday\u2019s trading closed nearly 100 pips down. Growth from the 1.1440 support stopped at the 1.1474 mark. While the subsequent drop seemed like a technical correction up until 1.1420, the breakout of the trend line at 1.1412 sped up the decline on the back of stop levels being activated and [&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-139360","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/139360","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=139360"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/139360\/revisions"}],"predecessor-version":[{"id":139361,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/139360\/revisions\/139361"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=139360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=139360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=139360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}