{"id":140536,"date":"2019-01-23T07:40:08","date_gmt":"2019-01-23T12:40:08","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=140536"},"modified":"2019-01-23T06:49:09","modified_gmt":"2019-01-23T11:49:09","slug":"eurusd-breakout-of-the-trend-line-2","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/01\/eurusd-breakout-of-the-trend-line-2\/","title":{"rendered":"EURUSD: breakout of the trend line"},"content":{"rendered":"<div id=\"inves-1617563345\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">January 23, 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 Tuesday the 22<sup>nd<\/sup> of January, trading on the EURUSD pair closed slightly down. During the US session, the bulls managed to recover all their losses and hit a new intraday session high. The euro rose from 1.1336 to 1.1374 before closing at 1.1352.<\/p>\n<p>The greenback pared all its gains against the majors after the release of disappointing housing data, which showed a decline in home sales in December to their lowest level in 3 years, as well as slowed growth in house prices.<\/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: MPC member Broadbent speech.<\/li>\n<li>14:00 UK: CBI industrial trend survey \u2013 orders (Jan).<\/li>\n<li>16:30 Canada: retail sales (Nov).<\/li>\n<li>17:00 US: house price index (Nov).<\/li>\n<li>18:00 US: Richmond Fed manufacturing index (Jan).<\/li>\n<li>18:00 Eurozone: consumer confidence (Jan).<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/alpari.com\/storage\/inline-images\/671.png\" alt=\"H\u00ecnh 1: T\u1ef7 gi\u00e1 EURUSD, khung th\u1eddi gian 1H. Ngu\u1ed3n: TradingView\" data-align=\"center\" data-entity-type=\"file\" data-entity-uuid=\"c4600e08-c020-4e12-8929-cd0e16b7b1b2\" \/><\/p>\n<p><strong><em>Current situation:<\/em><\/strong><\/p>\n<p>My target from yesterday\u2019s prediction was reached. However, I don\u2019t feel that my prediction was correct on the whole given that the rate dropped to 1.1336.<\/p><div id=\"inves-1397683960\" 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>Yesterday\u2019s movements created a V-shaped model. This is a reversal formation, so after 7 lower lows and a breakout of the trend line, we can expect to see a correction to 1.1384. This correction could gather pace as traders close their short positions ahead of the ECB meeting. My second target level is 1.21425. Before the rate begins its recovery, the 1.1358 mark is likely to be tested. If the hourly candlestick closes below 1.1350, then this recovery will not happen. In any case, we must wait for the ECB meeting to conclude and for Mario Draghi to speak.<\/p>\n<div class=\"s_invisible_yes\">Source: &#8220;<a href=\"https:\/\/alpari.com\/en\/hidden_copyright\/\" rel=\"nofollow\">EURUSD: breakout of the trend line<\/a>&#8220;<\/div>\n<div><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Matthew Anthony, Alpari Previous: On Tuesday the 22nd of January, trading on the EURUSD pair closed slightly down. During the US session, the bulls managed to recover all their losses and hit a new intraday session high. The euro rose from 1.1336 to 1.1374 before closing at 1.1352. The greenback pared all its gains [&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-140536","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/140536","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=140536"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/140536\/revisions"}],"predecessor-version":[{"id":140537,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/140536\/revisions\/140537"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=140536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=140536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=140536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}