{"id":145645,"date":"2019-04-12T07:18:19","date_gmt":"2019-04-12T11:18:19","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=145645"},"modified":"2019-04-12T06:43:15","modified_gmt":"2019-04-12T10:43:15","slug":"eurusd-bulls-ready-to-test-1-13","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/04\/eurusd-bulls-ready-to-test-1-13\/","title":{"rendered":"EURUSD: bulls ready to test 1.13"},"content":{"rendered":"<div id=\"inves-4177931892\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">April 12, 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 Thursday the 11<sup>th<\/sup> of April, trading on the EURUSD pair closed down, with the single currency dropping to 1.1250. To me, this seemed to be a downwards correction within a wider upwards movement. The dollar\u2019s rise was brought about by strong US data and rising US10Y bond yields.<\/p>\n<p>PPI data and initial jobless claims figures in the US decreased the likelihood of an interest rate reduction by the Fed at the end of the year.<\/p>\n<p><strong><em>Day\u2019s news (GMT+3):<\/em><\/strong><\/p>\n<ul class=\"list list_type_disc\">\n<li>12:00 Eurozone: industrial production (Feb).<\/li>\n<li>15:30 US: import price index (Mar).<\/li>\n<li>17:00 US: Michigan consumer sentiment index (Apr).<\/li>\n<li>20:00 US: Baker Hughes US oil rig count.<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/alpari.com\/storage\/inline-images\/eur_120919_0.png\" alt=\"EURUSD H1\" data-align=\"center\" data-entity-type=\"file\" data-entity-uuid=\"d6468510-5ccf-437a-ae1a-b748d236a254\" \/><\/p>\n<p><strong><em>Current situation:<\/em><\/strong><\/p>\n<p>The 1.1249 \u2013 1.1255 support held up. From here, we got a sharp upwards impulse to reach 1.1295. As I see it, from a technical standpoint, this was expected, but at the same time, it\u2019s my understanding that this was brought about by fundamental rather than technical factors.<\/p><div id=\"inves-4022735185\" 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 Federal Reserve is unlikely to consider appointing Herman Cain to the Board of Governors. Donald Trump, who is said to be unhappy with the Fed, is reportedly planning to put him forward as a potential candidate in an attempt to align the Fed more closely with his own views.<\/p>\n<p>Yesterday I wrote that if the pair returns to 1.1280, I expected the euro\u2019s rally to continue to 1.1310. Today the euro is one of the biggest growers against the US dollar. All the euro crosses are trading up. The technicals look good for a further rise on the EURUSD pair. If we get a breakout of the channel, the road to 1.1362 will be open.<\/p>\n<div class=\"s_invisible_yes\">Source: &#8220;<a href=\"https:\/\/alpari.com\/en\/hidden_copyright\/\" rel=\"nofollow\">EURUSD: bulls ready to test 1.13<\/a>&#8220;<\/div>\n<\/div>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Matthew Anthony, Alpari Previous: On Thursday the 11th of April, trading on the EURUSD pair closed down, with the single currency dropping to 1.1250. To me, this seemed to be a downwards correction within a wider upwards movement. The dollar\u2019s rise was brought about by strong US data and rising US10Y bond yields. PPI [&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-145645","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/145645","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=145645"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/145645\/revisions"}],"predecessor-version":[{"id":145646,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/145645\/revisions\/145646"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=145645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=145645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=145645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}