{"id":146661,"date":"2019-04-29T08:00:55","date_gmt":"2019-04-29T12:00:55","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=146661"},"modified":"2019-04-29T06:45:18","modified_gmt":"2019-04-29T10:45:18","slug":"eurusd-bulls-trying-to-triggers-bears-stop-levels","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/04\/eurusd-bulls-trying-to-triggers-bears-stop-levels\/","title":{"rendered":"EURUSD: bulls trying to triggers bears\u2019 stop levels"},"content":{"rendered":"<div id=\"inves-890813315\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">April 29, 2019<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By Matthew Anthony, Alpari Analyst<\/strong><\/p>\n<div class=\"-cms-content analytics-reviews-category-review-article__review\">\n<div>\n<p><strong><em>Previous:<\/em><\/strong><\/p>\n<p>On Friday the 26<sup>th<\/sup> of April, trading on the euro closed up. Market activity was low ahead publication of US GDP figures. The EURUSD pair consolidated within a range of 1.1124 \u2013 1.1147.<\/p>\n<p>The GDP report showed a QoQ rise of 3.2% against expectations of 2.0%. This news pushed the euro down to 1.1111. The decline stopped here, though, as the pair recovered to 1.1174 ahead of the weekend.<\/p>\n<p>While GDP figures significantly exceeded market expectations, personal consumption dropped from 1.8% to 1.3% YoY. This is an important inflation indicator for the Fed. Moreover, markets were already expecting high GDP figures. Buy on expectations, sell of the facts.<\/p>\n<p><strong><em>Day\u2019s news (GMT+3):<\/em><\/strong><\/p>\n<ul>\n<li>24h Japan: Showa Day.<\/li>\n<li>11:10 UK: BoE Governor Carney\u2019s speech.<\/li>\n<li>12:00 Eurozone: consumer confidence (Apr), economic sentiment indicator (Apr), industrial confidence (Apr), business climate (Apr).<\/li>\n<li>15:30 US: personal spending (Feb), personal income (Mar).<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/alpari.com\/storage\/inline-images\/eur_280419_0.png\" alt=\"EURUSD H1\" data-entity-type=\"file\" data-entity-uuid=\"91d0b45a-9d75-4a30-add0-8552464bd669\" \/><strong><em>Current situation:<\/em><\/strong><\/p><div id=\"inves-916835110\" 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>A reversal model formed over the course of Thursday and Friday. To get a correction to around 1.1230, the market first has to test buyers at around 1.1130. If the bulls are weak, and there aren\u2019t any big players on the market, then the smaller players will start closing their long positions, which will allow the bigger players to buy at lower prices through limit orders. I don\u2019t see the pair rising in the first half of the European session, as the stochastic is in the sell zone and the euro is still in a bearish trend. There\u2019s a resistance waiting at 1.1190.<\/p>\n<p>The centre of attention this week is the FOMC meeting and US jobs report. Interest rates are expected to be kept at their current levels. Following the FOMC meeting, the NFP report may not be of interest to the market.<\/p>\n<p><strong>Source:<\/strong> <a href=\"https:\/\/alpari.com\/en\/analytics\/reviews\/market_sessions\/115882_29042019\/\">EURUSD: bulls trying to triggers bears\u2019 stop levels<\/a><\/p>\n<p>&nbsp;<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Matthew Anthony, Alpari Analyst Previous: On Friday the 26th of April, trading on the euro closed up. Market activity was low ahead publication of US GDP figures. The EURUSD pair consolidated within a range of 1.1124 \u2013 1.1147. The GDP report showed a QoQ rise of 3.2% against expectations of 2.0%. This news pushed [&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-146661","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/146661","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=146661"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/146661\/revisions"}],"predecessor-version":[{"id":146662,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/146661\/revisions\/146662"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=146661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=146661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=146661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}