{"id":146294,"date":"2019-04-23T07:50:50","date_gmt":"2019-04-23T11:50:50","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=146294"},"modified":"2019-04-23T07:07:31","modified_gmt":"2019-04-23T11:07:31","slug":"eurusd-with-the-easter-holidays-over-expect-a-test-of-1-1230","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/04\/eurusd-with-the-easter-holidays-over-expect-a-test-of-1-1230\/","title":{"rendered":"EURUSD: with the Easter holidays over, expect a test of 1.1230"},"content":{"rendered":"<div id=\"inves-4052365652\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">April 23, 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 22<sup>nd<\/sup> of April, trading on the euro closed slightly up. An upwards correction restored the pair to 1.1262. As the Easter holidays continued, currency markets got a boost from developments in the oil market. Brent oil rose by 3.5% to 74.50 USD per barrel. This surge was caused by reports that Washington is set to stop providing exemptions from Iranian oil sanctions. This news also pushed the Canadian dollar up, bringing a few other currencies with it.<\/p>\n<p><strong><em>Day\u2019s news (GMT+3):<\/em><\/strong><\/p>\n<ul class=\"list list_type_disc\">\n<li>15:30 Canada: wholesale sales (Feb).<\/li>\n<li>16:00 US: housing price index (Feb).<\/li>\n<li>17:00 US: new home sales (Mar), Richmond Fed manufacturing index (Apr).<\/li>\n<li>17:00 Eurozone: consumer confidence (Apr).<\/li>\n<li>23:30 US: API weekly crude oil stock (19 Apr).<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/alpari.com\/storage\/inline-images\/eur_230419_0.png\" alt=\"EURUSD H1\" data-align=\"center\" data-entity-type=\"file\" data-entity-uuid=\"c6d12b03-3cd4-4b69-9521-d7bf26ca36d8\" \/><\/p>\n<p><strong><em>Current situation:<\/em><\/strong><\/p>\n<p>With a thin market, the bulls managed to push through to 1.1262. A correction occurred within a relatively narrow price range. At the time of writing, the pair is sitting around the balance line and the lower boundary of the channel. The current pricing model is bearish.<\/p>\n<p>In Asia, all the majors are trading down against the greenback. The euro crosses are showing mixed dynamics. I\u2019m forecasting a drop to 1.1230\/35 as traders return to work following the long Easter weekend.<\/p>\n<p>I reckon we\u2019ll get a proper upwards correction on the euro after revisiting the 1.1226 low. Even if the pair stays in the 1.1240 \u2013 1.1265 range today, I\u2019ll still expect a decline. If the bears don\u2019t make new lows on Wednesday, then I\u2019ll switch to the bull camp.<\/p>\n<p>Source: <a href=\"https:\/\/alpari.com\/en\/analytics\/reviews\/market_sessions\/115817_23042019\/\" target=\"_blank\" rel=\"noopener noreferrer\">EURUSD: with the Easter holidays over, expect a test of 1.1230<\/a><\/p>\n<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Matthew Anthony, Alpari Previous: On Monday the 22nd of April, trading on the euro closed slightly up. An upwards correction restored the pair to 1.1262. As the Easter holidays continued, currency markets got a boost from developments in the oil market. Brent oil rose by 3.5% to 74.50 USD per barrel. This surge was [&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-146294","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/146294","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=146294"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/146294\/revisions"}],"predecessor-version":[{"id":146295,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/146294\/revisions\/146295"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=146294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=146294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=146294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}