{"id":140757,"date":"2019-01-29T08:17:54","date_gmt":"2019-01-29T13:17:54","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=140757"},"modified":"2019-01-29T07:01:44","modified_gmt":"2019-01-29T12:01:44","slug":"eurusd-bulls-set-on-reaching-new-heights","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/01\/eurusd-bulls-set-on-reaching-new-heights\/","title":{"rendered":"EURUSD: bulls set on reaching new heights"},"content":{"rendered":"<div id=\"inves-2507824048\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">January 29, 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 28<sup>th<\/sup> of January, trading on the EURUSD pair closed up. After a downwards correction to 1.1390, the bulls shifted the Asian session\u2019s high from 1.1426 to 1.1444. The single currency enjoyed increased demand as investors adjusted their positions ahead of Tuesday\u2019s vote in the British parliament on an EU withdrawal agreement. The euro crosses all rose except for EURJPY.<\/p>\n<p><strong><em>Day\u2019s news (GMT+3):<\/em><\/strong><\/p>\n<ul>\n<li>10:00 Switzerland: trade balance (Nov).<\/li>\n<li>10:45 France: consumer confidence (Jan).<\/li>\n<li>12:15 UK: BoE Deputy Governor Woods\u2019 speech.<\/li>\n<li>17:00 US: S&amp;P\/Case-Shiller home price indices (Nov).<\/li>\n<li>18:00 US: consumer confidence (Jan).<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/alpari.com\/storage\/inline-images\/eur_290119_1.png\" alt=\"EURUSD\" data-align=\"center\" data-entity-type=\"file\" data-entity-uuid=\"fa0d57a6-abca-4919-8487-0f7288c4abef\" \/>Fig 1. EURUSD hourly chart.<\/p>\n<p><strong><em>Current situation<\/em><\/strong><\/p>\n<p>At the beginning of Monday\u2019s European session, the euro slid to 1.1390. The drop occurred just as I\u2019d expected, although it missed my target by 17 pips. The sharp reversal on the EURGBP pair changed market expectations among speculators until the end of the day.<\/p><div id=\"inves-1016919206\" 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>Trader attention has switched to the FOMC press conference set to take place on Wednesday. Markets are expecting the regulator to announce a hiatus on their tightening of monetary policy. Aside from the FOMC, the British parliament\u2019s vote on a Brexit deal will also be the focus of traders. This will have an influence on GBP currency pairs, which will in turn affect the major currencies.<\/p>\n<p>We also shouldn\u2019t forget about news of the US government bringing criminal charges against Chinese tech firm Huawei. This could have an effect on talk between the two countries as well as on risky assets. A retreat from riskier assets would be negative for the euro.<\/p>\n<p>At the time of writing, the euro is trading at 1.1437 against the greenback. Considering that all the euro crosses are trading up, I\u2019m predicting the 1.1444 high to be revisited today. 1.1460 \u2013 1.1470 is my target range.<\/p>\n<div class=\"s_invisible_yes\">Source: &#8220;<a href=\"https:\/\/alpari.com\/en\/hidden_copyright\/\" rel=\"nofollow\">EURUSD: bulls set on reaching new heights<\/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 28th of January, trading on the EURUSD pair closed up. After a downwards correction to 1.1390, the bulls shifted the Asian session\u2019s high from 1.1426 to 1.1444. The single currency enjoyed increased demand as investors adjusted their positions ahead of Tuesday\u2019s vote in the British parliament on [&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-140757","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/140757","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=140757"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/140757\/revisions"}],"predecessor-version":[{"id":140758,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/140757\/revisions\/140758"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=140757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=140757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=140757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}