{"id":144413,"date":"2019-03-26T07:48:11","date_gmt":"2019-03-26T11:48:11","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=144413"},"modified":"2019-03-26T06:50:43","modified_gmt":"2019-03-26T10:50:43","slug":"eurusd-hovering-around-the-balance-line","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/03\/eurusd-hovering-around-the-balance-line\/","title":{"rendered":"EURUSD: hovering around the balance line"},"content":{"rendered":"<div id=\"inves-1753469717\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">March 26, 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 Monday the 25<sup>th<\/sup> of March, trading on the euro closed up. In the US session, the EURUSD pair hit an intraday high of 1.1332. The pair was propped up by a broadly weaker dollar.<\/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: Gfk consumer confidence (Apr).<\/li>\n<li>12:30 UK: BBA mortgage approvals (Feb).<\/li>\n<li>14:00 UK: MPC member Broadbent speech.<\/li>\n<li>15:30 US: building permits (Feb), housing starts (Feb).<\/li>\n<li>16:00 US: housing price index (Jan).<\/li>\n<li>17:00 US: consumer confidence, Richmond Fed manufacturing index (Mar).<\/li>\n<li>23:30 US: API weekly crude oil stock (22 Mar).<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/alpari.com\/storage\/inline-images\/eur_260319_0.png\" alt=\"EURUSD H1\" data-align=\"center\" data-entity-type=\"file\" data-entity-uuid=\"7e878c81-d6e1-4de6-9e3c-173831324102\" \/><\/p>\n<p><strong><em>Current situation:<\/em><\/strong><\/p>\n<p>The pair recovered to the LB balance line, as well as the 45<sup>th<\/sup> degree and 50% of the drop from 1.1391 to 1.1273. The euro has rebounded from the 45<sup>th<\/sup> degree and at the time of writing is trading at 1.1307.<\/p>\n<p>I\u2019ve shown my predictions for the pair on the chart resulting from my analysis. It\u2019s unclear whether the euro will continue rising, or whether downside pressure will come back in force given that traders are still cautious since the US bond yield curve inverted.<\/p><div id=\"inves-3336465444\" 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>Experts having been keeping an eye on the difference between long-term and short-term (around 3 months) bond yields. The difference between 10-year and 3-month yields has now entered negative territory, while this has yet to happen between 10-year and 2-year yields.<\/p>\n<p>Chicago Fed President Charles Evans yesterday said that despite justified nerves over the yield curve inversion, he is still confident about the strength of the US economy.<\/p>\n<p>Trader attention today will turn towards the UK parliament, where another round of votes is set to take place. Keep an eye on the yen and US10Y bond yields. In my forecast, I\u2019m expecting a breakout of the trend line followed by a recovery to the 67<sup>th<\/sup> degree at 1.1353.<\/p>\n<div class=\"s_invisible_yes\">Source: &#8220;<a href=\"https:\/\/alpari.com\/en\/hidden_copyright\/\" rel=\"nofollow\">EURUSD: hovering around the balance line<\/a>&#8220;<\/div>\n<\/div>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Matthew Anthony, Alpari Previous: On Monday the 25th of March, trading on the euro closed up. In the US session, the EURUSD pair hit an intraday high of 1.1332. The pair was propped up by a broadly weaker dollar. Day\u2019s news (GMT+3): 10:00 Germany: Gfk consumer confidence (Apr). 12:30 UK: BBA mortgage approvals (Feb). [&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-144413","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/144413","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=144413"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/144413\/revisions"}],"predecessor-version":[{"id":144414,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/144413\/revisions\/144414"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=144413"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=144413"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=144413"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}