{"id":149390,"date":"2019-06-11T07:45:01","date_gmt":"2019-06-11T11:45:01","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=149390"},"modified":"2019-06-11T07:13:44","modified_gmt":"2019-06-11T11:13:44","slug":"eurusd-expect-a-test-of-1-1300-with-a-subsequent-bounce-to-1-1350","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/06\/eurusd-expect-a-test-of-1-1300-with-a-subsequent-bounce-to-1-1350\/","title":{"rendered":"EURUSD: expect a test of 1.1300 with a subsequent bounce to 1.1350"},"content":{"rendered":"<div id=\"inves-3860475793\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">June 11, 2019<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By <a href=\"https:\/\/alpari.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Alpari.com<\/a><\/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 Monday the 10<sup>th<\/sup> of June, trading on the EURUSD pair closed slightly down. Markets were calm, with the pair trading around the LB balance line after the US and Mexico reached an agreement on border policies. If the agreement isn\u2019t adhered to, tariffs will be increased. In such an event, investors will retreat towards safer assets. For now, everything is peaceful on the Forex market.<\/p>\n<p><strong><em>Day\u2019s news (GMT+3):<\/em><\/strong><\/p>\n<ul>\n<li>11:30 Eurozone: Sentix investor confidence (Jun).<\/li>\n<li>11:30 UK: claimant count change (May), ILO unemployment rate (Apr), average earnings (Apr).<\/li>\n<li>15:00 US: PPI (May).<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/alpari.com\/storage\/inline-images\/eur_110619_0.png\" alt=\"EURUSD H1\" data-entity-type=\"file\" data-entity-uuid=\"97121168-74cc-4eb5-b6ad-7ec1a336fa3a\" \/><strong><em>Current situation:<\/em><\/strong><\/p>\n<p>At the time of writing, the euro is trading at 1.1315. I expect to see a test of 1.1300 today, followed by a rebound from 1.1350. I can\u2019t see the pair going any higher than that due to continued uncertainty over the US-China talks. On Monday, US President Donald Trump threatened an additional 300bn USD worth of tariffs on China if President Xi Jinping doesn\u2019t come to the G20 summit on the 28<sup>th<\/sup> and 29<sup>th<\/sup> of June.<\/p>\n<p>While speculators are already used to Trump\u2019s aggressive rhetoric, they\u2019re in no hurry to open any positions on riskier assets. There\u2019s no significant news for the euro today. If there\u2019s going to be anything happening today on the major pairs, it will be via the EURGBP cross in response to Brexit developments.<\/p>\n<\/div>\n<\/div>\n<p><strong>By <a href=\"https:\/\/alpari.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Alpari.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Alpari.com Previous: On Monday the 10th of June, trading on the EURUSD pair closed slightly down. Markets were calm, with the pair trading around the LB balance line after the US and Mexico reached an agreement on border policies. If the agreement isn\u2019t adhered to, tariffs will be increased. In such an event, investors [&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-149390","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/149390","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=149390"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/149390\/revisions"}],"predecessor-version":[{"id":149391,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/149390\/revisions\/149391"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=149390"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=149390"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=149390"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}