{"id":145975,"date":"2019-04-17T07:10:03","date_gmt":"2019-04-17T11:10:03","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=145975"},"modified":"2019-04-17T06:56:53","modified_gmt":"2019-04-17T10:56:53","slug":"eurusd-bulls-have-returned-to-1-13-in-an-attempt-to-break-through","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/04\/eurusd-bulls-have-returned-to-1-13-in-an-attempt-to-break-through\/","title":{"rendered":"EURUSD: bulls have returned to 1.13 in an attempt to break through"},"content":{"rendered":"<div id=\"inves-4217992272\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">April 17, 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 Tuesday the 16<sup>th<\/sup> of April, trading on the euro closed down. The EURUSD pair was knocked off its perch of 1.1314 by Reuters, which reported that ECB policymakers doubt the bank\u2019s projected economic growth figures for the second half of 2019, saying that they\u2019re too optimistic. Within two hours, the pair had returned to the 1.1314 resistance, but failed to remain there. Trading on the euro closed in the lower half of the intraday range.<\/p>\n<p><strong><em>Day\u2019s news (GMT+3):<\/em><\/strong><\/p>\n<ul class=\"list list_type_disc\">\n<li>11:00 Eurozone: current account (Feb).<\/li>\n<li>11:30 UK: CPI (Mar), retail price index (Mar), PPI \u2013 input (Mar), PPI \u2013 output (Mar).<\/li>\n<li>12:00 Eurozone: CPI (Mar), trade balance (Feb).<\/li>\n<li>15:30 Canada: CPI (Mar), imports (Feb), exports (Feb).<\/li>\n<li>15:30 US: trade balance (Feb).<\/li>\n<li>16:00 UK: BoE Governor Carney\u2019s speech.<\/li>\n<li>17:30 US: EIA crude oil stocks change (12 Apr).<\/li>\n<li>17:30 Eurozone: ECB&#8217;s Lautenschl\u00e4ger speech.<\/li>\n<li>19:45 US: Fed\u2019s Bullard speech.<\/li>\n<li>21:00 US: Fed\u2019s Beige Book.<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/alpari.com\/storage\/inline-images\/eur_170419_0.png\" alt=\"EURUSD H1\" data-align=\"center\" data-entity-type=\"file\" data-entity-uuid=\"50bccd28-898e-48de-91d1-078d08c9ce9d\" \/><\/p>\n<p><strong><em>Current situation:<\/em><\/strong><\/p>\n<p>Headlines in the media caused some fluctuations yesterday, but it\u2019s clear that they did little to change market sentiment as a whole. The EURUSD pair has again returned to 1.1314 on the back of strong Chinese GDP and industrial production data.<\/p>\n<p>After a short period of consolidation, I expect this morning\u2019s rally to continue to the 90<sup>th<\/sup> degree at 1.1336. Look at the pair\u2019s movements from the 10<sup>th<\/sup> to 12<sup>th<\/sup> of April. The market is currently behaving in a similar way.<\/p><div id=\"inves-1942253534\" 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>With the Easter holidays approaching, along with the long weekend, trader and investor activity is set to decline. Many traders will close their positions ahead of the long weekend, which will likely lead to high market volatility.<\/p>\n<div class=\"s_invisible_yes\">Source: &#8220;<a href=\"https:\/\/alpari.com\/en\/hidden_copyright\/\" rel=\"nofollow\">EURUSD: bulls have returned to 1.13 in an attempt to break through<\/a>&#8220;<\/div>\n<\/div>\n<div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Matthew Anthony, Alpari Previous: On Tuesday the 16th of April, trading on the euro closed down. The EURUSD pair was knocked off its perch of 1.1314 by Reuters, which reported that ECB policymakers doubt the bank\u2019s projected economic growth figures for the second half of 2019, saying that they\u2019re too optimistic. Within two hours, [&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-145975","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/145975","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=145975"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/145975\/revisions"}],"predecessor-version":[{"id":145976,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/145975\/revisions\/145976"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=145975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=145975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=145975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}