{"id":145898,"date":"2019-04-16T07:55:42","date_gmt":"2019-04-16T11:55:42","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=145898"},"modified":"2019-04-16T06:55:01","modified_gmt":"2019-04-16T10:55:01","slug":"eurusd-bulls-ready-for-new-highs","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/04\/eurusd-bulls-ready-for-new-highs\/","title":{"rendered":"EURUSD: bulls ready for new highs"},"content":{"rendered":"<div id=\"inves-1752230807\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">April 16, 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 15<sup>th<\/sup> of April, trading on the euro closed slightly down. The pair dropped to 1.1298, slipping further to 1.1293 in Tuesday\u2019s Asian session. As I see it, this was a technical correction.<\/p>\n<p>General negativity in the US session was caused by the Canadian dollar, which suffered a steep decline after the publication of the Bank of Canada\u2019s business outlook survey for Q1. Following this report, the BoC is unlikely to raise interest rates in the coming meetings.<\/p>\n<p><strong><em>Day\u2019s news (GMT+3):<\/em><\/strong><\/p>\n<ul class=\"list list_type_disc\">\n<li>11:30 UK: ILO unemployment rate (Feb), claimant count change (Mar), average earnings (Feb).<\/li>\n<li>12:00 Germany: ZEW survey \u2013 economic sentiment (Apr).<\/li>\n<li>15:30 Canada: manufacturing shipments (Feb), Canadian portfolio investment in foreign securities (Feb), foreign portfolio investment in Canadian securities (Feb).<\/li>\n<li>16:15 US: industrial production (Mar).<\/li>\n<li>16:50 Eurozone: ECB\u2019s Novotny speech.<\/li>\n<li>17:00 US: NAHB housing market index (Apr).<\/li>\n<li>21:00 US: Fed\u2019s Kaplan speech.<\/li>\n<li>23:30 US: API weekly crude oil stock.<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/alpari.com\/storage\/inline-images\/eur_160419_0.png\" alt=\"EURUSD H1\" data-align=\"center\" data-entity-type=\"file\" data-entity-uuid=\"33b841b1-ae10-44ee-a61b-5e313677aaf7\" \/><\/p>\n<p><strong><em>Current situation:<\/em><\/strong><\/p>\n<p>The euro underwent a correction, but failed to reach 1.1285. This is a good sign for the bulls, as we could see the start of a new rally from the balance line. The hourly indicators have unloaded, so the bulls are preparing to revisit the 1.1324 high.<\/p><div id=\"inves-2335712909\" 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 pair is hovering around the 67<sup>th<\/sup> degree within the downwards channel. The channel is formed from three levels: 1.1324, 1.1293, and 1.1321. The support has shifted to 1.1292. The pair shouldn\u2019t revisit 1.1290. If the Asian low is revisited, I\u2019d advise holding off on opening any long positions. A sustained flat around the trend line and the 1.1282\/90 range will lead to a subsequent drop to 1.1270.<\/p>\n<div class=\"s_invisible_yes\">Source: &#8220;<a href=\"https:\/\/alpari.com\/en\/hidden_copyright\/\" rel=\"nofollow\">EURUSD: bulls ready for new highs<\/a>&#8220;<\/div>\n<\/div>\n<div><\/div>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Matthew Anthony, Alpari Previous: On Monday the 15th of April, trading on the euro closed slightly down. The pair dropped to 1.1298, slipping further to 1.1293 in Tuesday\u2019s Asian session. As I see it, this was a technical correction. General negativity in the US session was caused by the Canadian dollar, which suffered a [&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-145898","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/145898","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=145898"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/145898\/revisions"}],"predecessor-version":[{"id":145899,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/145898\/revisions\/145899"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=145898"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=145898"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=145898"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}