{"id":146506,"date":"2019-04-26T07:30:52","date_gmt":"2019-04-26T11:30:52","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=146506"},"modified":"2019-04-26T06:38:05","modified_gmt":"2019-04-26T10:38:05","slug":"eurusd-pair-still-under-pressure","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/04\/eurusd-pair-still-under-pressure\/","title":{"rendered":"EURUSD: pair still under pressure"},"content":{"rendered":"<div id=\"inves-1755898643\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">April 26, 2019<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><div>\n<div class=\"reviews-item__header\">\n<div class=\"reviews-item__info s_float_l\">\n<p><strong>By Matthew Anthony, Alpari<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"reviews-item__content\">\n<p><strong><em>Previous:<\/em><\/strong><\/p>\n<p>On Thursday the 25<sup>th<\/sup> of April, trading on the euro closed 0.2% down. The state of the Eurozone economy is weighing down on the euro, with the strength of the US dollar adding to this pressure. The DXY rose to 98.32, while the euro dropped to June 2017 levels. In the US session, the greenback got a boost from strong data on durable goods orders, which exceeded expectations. Traders are now focused on US GDP data for Q1, so a strong showing will play into the hands of dollar bulls.<\/p>\n<p><strong><em>Day\u2019s news (GMT+3):<\/em><\/strong><\/p>\n<ul class=\"list list_type_disc\">\n<li>11:00 Switzerland: SNB Chairman Jordan\u2019s speech.<\/li>\n<li>11:30 UK: BBA mortgage approvals (Mar).<\/li>\n<li>13:00 UK: CBI industrial trends survey \u2013 orders (Apr).<\/li>\n<li>15:30 US: GDP (Q1), GDP price index (Q1).<\/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_26.04_0.png\" alt=\"EURUSD H1\" data-align=\"center\" data-entity-type=\"file\" data-entity-uuid=\"e616d789-1c5b-4346-a420-f2760e38b45e\" \/><\/p>\n<p><strong><em>Current situation:<\/em><\/strong><\/p>\n<p>Since the beginning of the week, the euro has shed 0.83% against the dollar. In this morning\u2019s Asian session it\u2019s trading up by 0.14%. The market is consolidating ahead of the US GDP report. Markets are expecting a rise of 2.0% against 2.2% in Q4. Considering that last quarter\u2019s report exceeded expectations, market participants are expecting figures well above 2%. Since this is the first reading, volatility should be high.<\/p>\n<p>The pair is trading around the trend line, and the stochastic is in the euro sell zone. Since there\u2019s important data coming out today, the pair should remain within a limited range until 15:30. In my forecast, I expect a drop to 1.1113. Further movements will be decided by the GDP figures. The general feeling is that good GDP figures are already built into the price, so it\u2019s worth expecting a correction before the day is out. This could see a pin bar form on Monday.<\/p><div id=\"inves-1516241066\" 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>Source: <a href=\"https:\/\/alpari.com\/en\/analytics\/reviews\/market_sessions\/115864_26042019\/\">EURUSD: pair still under pressure<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Matthew Anthony, Alpari Previous: On Thursday the 25th of April, trading on the euro closed 0.2% down. The state of the Eurozone economy is weighing down on the euro, with the strength of the US dollar adding to this pressure. The DXY rose to 98.32, while the euro dropped to June 2017 levels. In [&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-146506","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/146506","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=146506"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/146506\/revisions"}],"predecessor-version":[{"id":146507,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/146506\/revisions\/146507"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=146506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=146506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=146506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}