{"id":142187,"date":"2019-02-20T08:00:45","date_gmt":"2019-02-20T13:00:45","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=142187"},"modified":"2019-02-20T07:01:41","modified_gmt":"2019-02-20T12:01:41","slug":"eurusd-new-upwards-channel-forming","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/02\/eurusd-new-upwards-channel-forming\/","title":{"rendered":"EURUSD: new upwards channel forming"},"content":{"rendered":"<div id=\"inves-2822112879\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">February 20, 2019<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By Vadim Iossub, Alpari<\/strong><\/p>\n<div class=\"reviews-item__content\">\n<p>On Tuesday the 19<sup>th<\/sup> of February, trading on the EURUSD pair started from 1.1310. It dropped to 1.1275 by midday before undergoing a sharp upwards reversal to reach our target of 1.1341. It then pressed on to hit 1.1355 before retreating to close the day below the newly broken resistance. The level to which the pair corrected (1.1341) is, first of all, the intraday high from the 13<sup>th<\/sup> of February, and secondly, it coincides with the 38.2% Fibonacci level of the decline from 1.1514 to 1.1233.<\/p>\n<p>Tuesday\u2019s newswires were fairly quiet. The only thing worth noting is the German business sentiment index from ZEW, which shed 13.4 points, although this was slightly better than the expected decline of 14.0 points.<\/p>\n<p>The pair has decisively broken out of the downwards channel formed at the end of January, and has formed a new upwards channel. The next significant target within this channel is at 1.1375, which marks the 50% Fibonacci level of the latest decline.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/alpari.com\/storage\/inline-images\/EURUSDM15_4.png\" alt=\"EURUSD M15\" width=\"593\" height=\"316\" data-align=\"center\" data-entity-type=\"file\" data-entity-uuid=\"aba28d5b-de10-4964-994b-a0bc294f3def\" \/><\/p>\n<p>&nbsp;<\/p>\n<div class=\"s_invisible_yes\">Source: &#8220;<a href=\"https:\/\/alpari.com\/en\/hidden_copyright\/\" rel=\"nofollow\">EURUSD: new upwards channel forming<\/a>&#8220;<\/div>\n<\/div>\n<div><\/div>\n<div><\/div>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Vadim Iossub, Alpari On Tuesday the 19th of February, trading on the EURUSD pair started from 1.1310. It dropped to 1.1275 by midday before undergoing a sharp upwards reversal to reach our target of 1.1341. It then pressed on to hit 1.1355 before retreating to close the day below the newly broken resistance. 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-142187","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/142187","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=142187"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/142187\/revisions"}],"predecessor-version":[{"id":142188,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/142187\/revisions\/142188"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=142187"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=142187"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=142187"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}