{"id":145435,"date":"2019-04-09T07:30:28","date_gmt":"2019-04-09T11:30:28","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=145435"},"modified":"2019-04-09T06:50:21","modified_gmt":"2019-04-09T10:50:21","slug":"eurusd-broadly-weaker-dollar-is-helping-the-euro","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/04\/eurusd-broadly-weaker-dollar-is-helping-the-euro\/","title":{"rendered":"EURUSD: broadly weaker dollar is helping the euro"},"content":{"rendered":"<div id=\"inves-2535078890\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">April 9, 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 8<sup>th<\/sup> of April, trading on the euro closed up. The bulls initially broke through the resistance at 1.1240 with some help from the crosses. In the US session, this rise gathered pace to reach 1.1274. Traders are now waiting for a trade deal between China and the US to be finalised, as well as for results on a Brexit vote. The worst case scenarios have already been factored into the price. Long positions on the dollar are being closed ahead of the publication of the FOMC minutes for their March meeting.<\/p>\n<p><strong><em>Day\u2019s news (GMT+3):<\/em><\/strong><\/p>\n<ul>\n<li>17:00 US: JOLTS job openings (Feb).<\/li>\n<li>23:30 US: API weekly crude oil stock (5 Apr).<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/alpari.com\/storage\/inline-images\/eur_090419_0.png\" alt=\"EURUSD H1\" data-align=\"center\" data-entity-type=\"file\" data-entity-uuid=\"9ea94bba-0f62-4d7d-8a3f-f19fa53a6d89\" \/><strong><em>Current situation:<\/em><\/strong><\/p>\n<p>Bulls have broken through the resistance zone of 1.1250 \u2013 1.1254 on the back of a weak dollar. The euro is currently trading at 1.1270 against the greenback. The bulls are trying to press forward, but with all the euro crosses trading down except for EURCHF, the single currency is under pressure.<\/p>\n<p>There are two important events planned for Wednesday: the ECB meeting and subsequent press conference with Mario Draghi, and the publication of the FOMC minutes from March. If we add some new Brexit headlines to the mix, it will be a very volatile trading day.<\/p><div id=\"inves-2974403648\" 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>The economic calendar is empty today, so today I\u2019m expecting a retest of yesterday\u2019s resistance as a support. The price is approaching the support from above and there is nothing stopping the bulls from shifting it up along the upwards channel.<\/p>\n<div class=\"s_invisible_yes\">Source: &#8220;<a href=\"https:\/\/alpari.com\/en\/hidden_copyright\/\" rel=\"nofollow\">EURUSD: broadly weaker dollar is helping the euro<\/a>&#8220;<\/div>\n<\/div>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Matthew Anthony, Alpari Previous: On Monday the 8th of April, trading on the euro closed up. The bulls initially broke through the resistance at 1.1240 with some help from the crosses. In the US session, this rise gathered pace to reach 1.1274. Traders are now waiting for a trade deal between China and 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-145435","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/145435","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=145435"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/145435\/revisions"}],"predecessor-version":[{"id":145436,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/145435\/revisions\/145436"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=145435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=145435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=145435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}