{"id":151581,"date":"2019-07-16T07:22:04","date_gmt":"2019-07-16T11:22:04","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=151581"},"modified":"2019-07-16T05:49:34","modified_gmt":"2019-07-16T09:49:34","slug":"eurusd-euro-decline-continues","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/07\/eurusd-euro-decline-continues\/","title":{"rendered":"EURUSD: euro decline continues"},"content":{"rendered":"<div id=\"inves-3614961854\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">July 16, 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 15<sup>th<\/sup> of July, the euro declined against the dollar, with trading closing slightly lower than the Asian session\u2019s opening price. During the Asian session, the pair traded within a corridor of 1.1263 \u2013 1.1274. As the European session got underway, the EURUSD pair reached an intraday high of 1.1283 before starting to decline ahead of the US session. This downturn gathered pace as FOMC member John Williams took the stage. The dollar subsequently continued its rise against the euro, culminating in an intraday low of 1.1253 on the EURUSD pair. This broke the support at 1.1262, but the pair fell short of Friday\u2019s low of 1.1238, although there\u2019s still a chance of reaching it.<\/p>\n<p><strong><em>Day\u2019s news (GMT+3):<\/em><\/strong><\/p>\n<ul>\n<li>11:30 UK: ILO unemployment rate (May), average earnings (May).<\/li>\n<li>15:00 UK: BoE\u2019s Governor Carney speech.<\/li>\n<li>15:30 US: retail sales control group (Jun).<\/li>\n<li>20:00 US: Fed\u2019s Chair Powell speech.<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/alpari.com\/storage\/inline-images\/EURUSD_16.07.19.png\" alt=\"EURUSD H1\" data-entity-type=\"file\" data-entity-uuid=\"874882c0-3684-4dfc-a6b5-e804561f30a4\" \/><strong><em>Current situation:<\/em><\/strong><\/p>\n<p>After breaking 1.1622, which is now a resistance, the euro\u2019s decline is likely to continue, and the pair should attempt to reach Friday\u2019s low. If, however, we get a reversal, and the pair breaks through the resistance, then the euro will most likely improve its position and move towards 1.1287.<\/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 15th of July, the euro declined against the dollar, with trading closing slightly lower than the Asian session\u2019s opening price. During the Asian session, the pair traded within a corridor of 1.1263 \u2013 1.1274. As the European session got underway, the EURUSD pair reached an intraday high of 1.1283 [&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-151581","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/151581","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=151581"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/151581\/revisions"}],"predecessor-version":[{"id":151584,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/151581\/revisions\/151584"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=151581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=151581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=151581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}