{"id":145026,"date":"2019-04-04T07:50:16","date_gmt":"2019-04-04T11:50:16","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=145026"},"modified":"2019-04-04T06:55:08","modified_gmt":"2019-04-04T10:55:08","slug":"eurusd-bulls-gearing-up-to-break-1-1250","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/04\/eurusd-bulls-gearing-up-to-break-1-1250\/","title":{"rendered":"EURUSD: bulls gearing up to break 1.1250"},"content":{"rendered":"<div id=\"inves-2748373025\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">April 4, 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 Wednesday the 3<sup>rd<\/sup> of April, trading on the euro closed up. The bulls pushed the pair up to 1.1255, but were unable to stay above the 1.1250 resistance. In the US session, the bulls retreated to 1.1225. Their second attempt at breaking 1.1250 also fell short, and trading on the pair stabilised at 1.1240. On the hourly timeframe, the conditions look ripe for an upwards impulse.<\/p>\n<p>The bulls are drawing their strength from expectations that the US and China will conclude a trade deal, and that the Brexit deadlock will be broken. A bill to prevent a no-deal Brexit was passed by the House of Commons at the third reading. Now the government needs to discuss alternative options with other party leaders and reach an agreement on how to proceed.<\/p>\n<p><strong><em>Day\u2019s news (GMT+3):<\/em><\/strong><\/p>\n<ul class=\"list list_type_disc\">\n<li>09:00 Germany: factory orders (Feb).<\/li>\n<li>14:30 Eurozone: ECB monetary policy meeting accounts.<\/li>\n<li>15:30 US: initial jobless claims (29 Mar).<\/li>\n<li>17:00 Canada: Ivey PMI (Mar).<\/li>\n<li>20:00 US: Fed\u2019s Mester speech.<\/li>\n<li>23:00 US: Fed\u2019s Williams speech.<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/alpari.com\/storage\/inline-images\/eur_040419_0.png\" alt=\"EURUSD H1\" data-align=\"center\" data-entity-type=\"file\" data-entity-uuid=\"df0c8ef8-3a94-489b-bd68-d73af306ff79\" \/><\/p>\n<p><strong><em>Current situation:<\/em><\/strong><\/p>\n<p>A symmetrical triangle has formed around 1.1240 over the last few hours. The triangle is a trend continuation pattern, but could appear an order lower in the wave structure. If we suppose this is an a-b-c correction, then the triangle is wave b.<\/p><div id=\"inves-1590130525\" 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>Trading robots have changed the market situation, so we often see false movements and breakouts when constructing pricing models. Big market players need classical technical analysis to know where the crowd will place their stop levels, and then they make use of newsfeeds and investment ideas to get their background information and push prices in their direction.<\/p>\n<p>A good example is the bitcoin rally from the 2<sup>nd<\/sup> of April. The price rose by nearly 1,000 USD (+20%) on the back of stop levels being triggered on short positions. The big players entered the market on the rebound. Some people managed to do some scalping during this movement, but they quickly closed their positions as the spread reached 25 USD at one point.<\/p>\n<p>Given the current situation, I\u2019m still expecting a rise to 1.1263 (67 degrees). If the pair doesn\u2019t drop any lower, we can expect the pair to go as high as 1.1273.<\/p>\n<div class=\"s_invisible_yes\">Source: &#8220;<a href=\"https:\/\/alpari.com\/en\/hidden_copyright\/\" rel=\"nofollow\">EURUSD: bulls gearing up to break 1.1250<\/a>&#8220;<\/div>\n<\/div>\n<div><\/div>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Matthew Anthony, Alpari Previous: On Wednesday the 3rd of April, trading on the euro closed up. The bulls pushed the pair up to 1.1255, but were unable to stay above the 1.1250 resistance. In the US session, the bulls retreated to 1.1225. Their second attempt at breaking 1.1250 also fell short, and trading on [&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-145026","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/145026","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=145026"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/145026\/revisions"}],"predecessor-version":[{"id":145027,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/145026\/revisions\/145027"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=145026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=145026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=145026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}