{"id":143998,"date":"2019-03-20T07:20:52","date_gmt":"2019-03-20T11:20:52","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=143998"},"modified":"2019-03-20T06:36:43","modified_gmt":"2019-03-20T10:36:43","slug":"eurusd-pair-caught-on-the-balance-line","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/03\/eurusd-pair-caught-on-the-balance-line\/","title":{"rendered":"EURUSD: pair caught on the balance line"},"content":{"rendered":"<div id=\"inves-961706357\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">March 20, 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 Tuesday the 19<sup>th<\/sup> of March, trading on the euro closed up. If you ask me, it looks like the pair spent the day in a sideways trend. While the euro strengthened throughout the European session without any serious pullbacks, volatility was higher during the US session. Market participants are a bit shaky ahead of the upcoming Fed decision.<\/p>\n<p><strong><em>Day\u2019s news (GMT+3):<\/em><\/strong><\/p>\n<ul class=\"list list_type_disc\">\n<li>10:00 Germany: PPI (Feb).<\/li>\n<li>12:30 UK: CPI (Feb), retail price index (Feb), PPI \u2013 input (Feb), PPI \u2013 output (Feb).<\/li>\n<li>14:00 UK: CBI industrial trends survey (Mar).<\/li>\n<li>17:30 US: EIA crude oil stocks change (15 Mar).<\/li>\n<li>21:00 US: Fed interest rate decision, Fed monetary policy statement, FOMC economic projections.<\/li>\n<li>21:30 US: FOMC press conference.<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/alpari.com\/storage\/inline-images\/eur_200318_0.png\" alt=\"EURUSD H1\" data-align=\"center\" data-entity-type=\"file\" data-entity-uuid=\"890fc90d-0a2d-4f57-9179-2bd5281d2f62\" \/><\/p>\n<p><strong><em>Current situation:<\/em><\/strong><\/p>\n<p>The rise to 1.1360 came to pass just as expected, but the subsequent drop is dragging on due to the Fed meeting. Last week saw the release of weak economic data. Now there are fears that the Fed will soften its rhetoric with regards to monetary policy. No one is expecting interest rates to be changed, however. Everyone is waiting for the FOMC\u2019s economic projections and the press conference with Jerome Powell.<\/p>\n<p>In today\u2019s Asian session, the technical picture remains the same as far as I\u2019m concerned. I\u2019m keeping my target of 1.1325 at the lower boundary of the A-A channel. The trend line has been broken, but I\u2019m not paying attention to this given the current truncated formation.<\/p><div id=\"inves-1342383329\" 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>Most relevant for me at the moment is the A-A channel. The pair has been hovering around the balance line for the last few hours. I expected the euro to continue heading south as part of a correctional movement. By June, I expect to see the euro at 1.23. Although growth is subdued for the time being, the bigger picture on the monthly timeframe suggests a rising euro.<\/p>\n<div class=\"s_invisible_yes\">Source: &#8220;<a href=\"https:\/\/alpari.com\/en\/hidden_copyright\/\" rel=\"nofollow\">EURUSD: pair caught on the balance line<\/a>&#8220;<\/div>\n<\/div>\n<div><\/div>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Matthew Anthony, Alpari Previous: On Tuesday the 19th of March, trading on the euro closed up. If you ask me, it looks like the pair spent the day in a sideways trend. While the euro strengthened throughout the European session without any serious pullbacks, volatility was higher during the US session. Market participants are [&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-143998","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/143998","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=143998"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/143998\/revisions"}],"predecessor-version":[{"id":143999,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/143998\/revisions\/143999"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=143998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=143998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=143998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}