{"id":142476,"date":"2019-02-25T07:40:34","date_gmt":"2019-02-25T12:40:34","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=142476"},"modified":"2019-02-25T06:33:24","modified_gmt":"2019-02-25T11:33:24","slug":"eurusd-pair-expected-to-continue-consolidating-within-the-downwards-channel","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/02\/eurusd-pair-expected-to-continue-consolidating-within-the-downwards-channel\/","title":{"rendered":"EURUSD: pair expected to continue consolidating within the downwards channel"},"content":{"rendered":"<div id=\"inves-722390512\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">February 25, 2019<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By Matthew Anthony, Alpari<\/strong><\/p>\n<div class=\"reviews-item__content\">\n<p><strong><em>Previous:<\/em><\/strong><\/p>\n<p>On Friday the 22<sup>nd<\/sup> of February, trading on the single currency against the US dollar showed mixed dynamics. By the end of the European session, the pair had recovered to 1.1356. In the US session, the pair slumped to 1.1317.<\/p>\n<p>A drop in US bond yields exerted pressure on the dollar. This decline may have been brought about by the Fed\u2019s report on economic growth in 2018 submitted to Congress. Growth in 2018 was estimated to be slightly below 3%, which has caused concern among investors.<\/p>\n<p><strong><em>Day\u2019s news (GMT+3):<\/em><\/strong><\/p>\n<ul class=\"list list_type_disc\">\n<li>13:00 UK: BoE Governor Mark Carney\u2019s speech.<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/alpari.com\/storage\/inline-images\/eur_250219_0.png\" alt=\"EURUSD H1\" data-align=\"center\" data-entity-type=\"file\" data-entity-uuid=\"d27ed4b3-4cb0-4843-9701-7a86e15cc9ad\" \/><\/p>\n<p><strong><em>Current situation:<\/em><\/strong><\/p>\n<p>At the time of writing, the euro is trading at 1.1345. The situation hasn\u2019t changed much over the last couple of weeks. The pair remains in a sideways trend, with the upper boundary expanding slightly to 1.1371. Volatility has subsided over the last 3 days, with the pair not even reaching the 45<sup>th<\/sup> degree. It\u2019s currently trading around the balance line within a downwards channel.<\/p><div id=\"inves-2549058094\" 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>In my forecast, I expect the pair to test the 45<sup>th<\/sup> degree (1.1313) from a high of 1.1366. Judging by the indicators on the H1 and H4 timeframes, there is still potential for growth, but for today, I\u2019m going to go by the hourly cycles, which suggest that the pair will start a substantial upwards movement during the US session on the 26<sup>th<\/sup> of February.<\/p>\n<p>Buyers have recovered Friday\u2019s losses. Judging by trading volumes, we can surmise that there is an ongoing accumulation of long positions. If we\u2019re going to get an upwards surge, we should, in theory, first revisit recent lows. As the stop levels of the smaller players get triggered, the limit orders of the bigger players will kick in. The big players need to exploit the smaller ones in order to enter more lucrative long positons.<\/p>\n<div class=\"s_invisible_yes\">Source: &#8220;<a href=\"https:\/\/alpari.com\/en\/hidden_copyright\/\" rel=\"nofollow\">EURUSD: pair expected to continue consolidating within the downwards channel<\/a>&#8220;<\/div>\n<\/div>\n<div><\/div>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Matthew Anthony, Alpari Previous: On Friday the 22nd of February, trading on the single currency against the US dollar showed mixed dynamics. By the end of the European session, the pair had recovered to 1.1356. In the US session, the pair slumped to 1.1317. A drop in US bond yields exerted pressure on 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-142476","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/142476","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=142476"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/142476\/revisions"}],"predecessor-version":[{"id":142477,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/142476\/revisions\/142477"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=142476"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=142476"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=142476"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}