{"id":150401,"date":"2019-06-27T07:15:24","date_gmt":"2019-06-27T11:15:24","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=150401"},"modified":"2019-06-27T06:54:48","modified_gmt":"2019-06-27T10:54:48","slug":"eurusd-drop-from-the-67th-degree-likely","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/06\/eurusd-drop-from-the-67th-degree-likely\/","title":{"rendered":"EURUSD: drop from the 67th degree likely"},"content":{"rendered":"<div id=\"inves-3412499596\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">June 27, 2019<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By <\/strong><a href=\"https:\/\/alpari.com\/\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>Alpari.com<\/strong><\/a><\/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 Wednesday the 26<sup>th<\/sup> of June, trading on the euro closed slightly up. The pair spent the day trading flat with an average rate of 1.1365. On the one hand, the dollar was doing well on account of decreased risks of a rate slash by the Fed in July. On the other hand, there was pressure on the dollar from a weak durable goods orders report for May. The euro hit a new session low before recovering to 1.1391. In the Asian session, the bears recovered their losses, and the pair is now ready for fresh lows.<\/p>\n<p><strong><em>Day\u2019s news (GMT+3):<\/em><\/strong><\/p>\n<ul>\n<li>12:00 Eurozone: consumer confidence (Jun), economic sentiment indicator (Jun), business climate (Jun), industrial confidence (Jun).<\/li>\n<li>15:00 Germany: harmonised index of consumer prices (Jun).<\/li>\n<li>15:30 US: GDP (Q1), GDP price index (Q1), initial jobless claims (21 Jun).<\/li>\n<li>17:00 US: pending home sales (May).<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/alpari.com\/storage\/inline-images\/eur_270619_0.png\" alt=\"EURUSD H1\" data-entity-type=\"file\" data-entity-uuid=\"2cd30912-f68f-4ac4-b96f-4a249e4d46fd\" \/><strong><em>Current situation:<\/em><\/strong><\/p>\n<p>Yesterday\u2019s expectations were fully met. The pair returned to the 1.1346 support. I\u2019m expecting the pair to break through this and drop to the 67<sup>th<\/sup> degree. Since the pair rose to 1.1391, I can\u2019t see it dropping any further than 1.1331 today. If we set our target according to the downwards channel, we\u2019re looking at 1.1311.<\/p>\n<p>All eyes are turning towards Saturday\u2019s meeting between the presidents of China and the USA. Any developments here could be very significant for currency markets.<\/p>\n<\/div>\n<\/div>\n<p>By <a href=\"https:\/\/alpari.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Alpari.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Alpari.com Previous: On Wednesday the 26th of June, trading on the euro closed slightly up. The pair spent the day trading flat with an average rate of 1.1365. On the one hand, the dollar was doing well on account of decreased risks of a rate slash by the Fed in July. On the other [&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-150401","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/150401","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=150401"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/150401\/revisions"}],"predecessor-version":[{"id":150402,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/150401\/revisions\/150402"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=150401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=150401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=150401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}