{"id":144954,"date":"2019-04-03T08:30:10","date_gmt":"2019-04-03T12:30:10","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=144954"},"modified":"2019-04-03T06:46:28","modified_gmt":"2019-04-03T10:46:28","slug":"euro-dollar-price-bottoming-setup","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/04\/euro-dollar-price-bottoming-setup\/","title":{"rendered":"Euro Dollar Price Bottoming Setup"},"content":{"rendered":"
April 3, 2019<\/div>
\r\n<\/div><\/div>

By TheTechnicalTraders.com<\/u><\/a><\/strong><\/p>\n

The Euro Futures chart is highlighting recent support and our proprietary Fibonacci price modeling systems are suggesting that a current support zone may be setting up for a decent upside move to near 1.15.\u00a0 Momentum has stalled to the downside after the Brexit kerfuffle.\u00a0 It is our opinion that this move to near 1.125 will likely hold as support and prompt an upside price move towards the 1.15 price level.<\/p>\n

Volatility within the ZE is normal and this type of price rotation appears to continue.\u00a0 An upside bottom\/base near 1.125 may prompt a larger upside price swing in the Euro Futures because it relates a \u201chigher low\u201d price formation following Fibonacci Price Theory.\u00a0 This set would indicate that a \u201clower low\u201d attempt has failed and would suggest that the Euro Futures price would now attempt a new Higher High (above 1.155).<\/p>\n

\"\"<\/p>\n

Skilled traders should watch for any breakout above 1.134 as confirmation of the upside price rally and target 1.15 or higher.\u00a0 This could also drive the US Dollar a bit weaker over this same time-span.\u00a0 Might be an excellent setup for quick profits.<\/p>\n

Do you want to find a team of dedicated researchers and traders that can help you find and execute more winning trades in 2019 and beyond visit our trade alert newsletter at\u00a0TheTechnicalTraders.com<\/u><\/a><\/strong> or learn our trading techniques through our Trading Courses today?<\/p>\n

Chris Vermeulen<\/p>

\r\n
\r\n

Free Reports:<\/p><\/div>\r\n

\r\n

<\/a>\r\n\t 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>

\r\n
\r\n
\r\n

<\/a>\r\n\t 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>

\r\n<\/div>\r\n

\r\n
<\/div>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By TheTechnicalTraders.com The Euro Futures chart is highlighting recent support and our proprietary Fibonacci price modeling systems are suggesting that a current support zone may be setting up for a decent upside move to near 1.15.\u00a0 Momentum has stalled to the downside after the Brexit kerfuffle.\u00a0 It is our opinion that this move to near […]<\/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-144954","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/144954","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=144954"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/144954\/revisions"}],"predecessor-version":[{"id":144955,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/144954\/revisions\/144955"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=144954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=144954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=144954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}