{"id":140470,"date":"2019-01-22T07:18:02","date_gmt":"2019-01-22T12:18:02","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=140470"},"modified":"2019-01-22T06:42:57","modified_gmt":"2019-01-22T11:42:57","slug":"eurusd-bulls-trying-to-defend-1-1350","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/01\/eurusd-bulls-trying-to-defend-1-1350\/","title":{"rendered":"EURUSD: bulls trying to defend 1.1350"},"content":{"rendered":"<div id=\"inves-247586475\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">January 22, 2019<\/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 Monday the 21<sup>st<\/sup> of January, trading on the EURUSD pair closed slightly up. The pair slid to 1.1357 during the European session, before partially recovering the day\u2019s losses in the US session on account of the country\u2019s national holiday. The bears have been dominating the market since breaking through 1.1514 on the 11<sup>th<\/sup> of January. Over the last few days, the bulls have failed to make their presence known during the rebounds.<\/p>\n<p><strong><em>Day\u2019s news (GMT+3):<\/em><\/strong><\/p>\n<ul>\n<li>12:30 UK: claimant count change (Dec), public sector net borrowing (Dec), ILO unemployment rate (Nov), average earnings (Nov).<\/li>\n<li>13:00 Germany: ZEW survey \u2013 economic sentiment (Jan).<\/li>\n<li>13:00 Eurozone: ZEW survey \u2013 economic sentiment (Jan).<\/li>\n<li>16:30 Canada: manufacturing shipments (Nov), wholesale sales (Nov).<\/li>\n<li>18:00 US: existing home sales (Dec).<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/alpari.com\/storage\/inline-images\/22.01.19_EURUSD_H1.png\" alt=\"EURUSD\" data-align=\"center\" data-entity-type=\"file\" data-entity-uuid=\"b4821370-f0a4-4912-82dd-c3347c905037\" \/>Fig 1. EURUSD hourly chart.<\/p>\n<p><strong><em>Current situation:<\/em><\/strong><\/p>\n<p>In today\u2019s Asian session, the euro has again turned south after the rebound to reach a session low of 1.1346. Thus doesn\u2019t mean that the pair has found a level from which to rebound. Nevertheless, a rebound from 1.1346 would help the pair to recover to 1.1375.<\/p><div id=\"inves-289298745\" 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 ECB meeting and US-China trade talks are the centre of attention among traders. They will also be keeping an eye on the headlines in the UK.<\/p>\n<p>British Prime Minister Theresa May has not ruled out the possibility of exiting the EU without a deal. She has promised to be more flexible in discussing a withdrawal agreement, while rejecting the idea of a second referendum.<\/p>\n<p>On the one hand, I\u2019d like to see the euro drop to 1.13133, although the patterns and cycles point towards a reversal after the low is revisited, which has now happened. The pair is trading very close to the trend line, so I\u2019d rather watch the market from the sidelines. The stochastic is down, which tells us that it\u2019s about time for an upwards correction.<\/p>\n<div class=\"s_invisible_yes\">Source: &#8220;<a href=\"https:\/\/alpari.com\/en\/hidden_copyright\/\" rel=\"nofollow\">EURUSD: bulls trying to defend 1.1350<\/a>&#8220;<\/div>\n<\/div>\n<div><\/div>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Matthew Anthony, Alpari Previous: On Monday the 21st of January, trading on the EURUSD pair closed slightly up. The pair slid to 1.1357 during the European session, before partially recovering the day\u2019s losses in the US session on account of the country\u2019s national holiday. The bears have been dominating the market since breaking through [&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-140470","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/140470","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=140470"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/140470\/revisions"}],"predecessor-version":[{"id":140471,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/140470\/revisions\/140471"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=140470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=140470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=140470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}