{"id":151998,"date":"2019-07-23T07:45:15","date_gmt":"2019-07-23T11:45:15","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=151998"},"modified":"2019-07-23T07:29:53","modified_gmt":"2019-07-23T11:29:53","slug":"eurusd-markets-opt-for-decline","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/07\/eurusd-markets-opt-for-decline\/","title":{"rendered":"EURUSD: markets opt for decline"},"content":{"rendered":"<div id=\"inves-2257376366\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">July 23, 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 22<sup>nd<\/sup> of July, trading on the euro against the dollar took place within a corridor of 1.1225 to 1.1206 across all sessions, closing around the 1.1208 mark. Such a narrow trading range was down to a lack of any significant news or macroeconomic data. In today\u2019s Asian session during RBA Deputy Governor Kent\u2019s speech, we got a breakout of a crucial zone between 1.1194 and 1.1189, which gives us reason to believe that the market is set to decline.<\/p>\n<p><strong><em>Day\u2019s news (GMT+3):<\/em><\/strong><\/p>\n<ul>\n<li>11:00 Eurozone: ECB bank lending survey.<\/li>\n<li>11:30 UK: FPC minutes.<\/li>\n<li>13:45 UK: Tory leadership contest results announcement.<\/li>\n<li>15:15 UK: BoE\u2019s Haldane speech.<\/li>\n<li>16:00 US: housing price index (May).<\/li>\n<li>17:00 US: existing home sales (Jun).<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/alpari.com\/storage\/inline-images\/23.07.19%20EUR%20USD_0.jpg\" alt=\"EURUSD H1\" data-entity-type=\"file\" data-entity-uuid=\"aa54d1d6-096d-489e-bfd5-29d8976e6c8a\" \/><strong><em>Current situation:<\/em><\/strong><\/p>\n<p>The breakout of 1.1194 gives us a sell signal on the EURUSD pair, with a rough target of 1.1108. In the long term, despite expectations that the dollar is set to rise against the euro, it\u2019s perfectly feasible that things will work out differently. Given the escalation of currency conflicts between the ECB, the Fed, and the banks of Japan and China, along with forthcoming rate slashes, it\u2019s impossible to say conclusively that the dollar is set to rise.<\/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 22nd of July, trading on the euro against the dollar took place within a corridor of 1.1225 to 1.1206 across all sessions, closing around the 1.1208 mark. Such a narrow trading range was down to a lack of any significant news or macroeconomic data. In today\u2019s Asian session during [&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-151998","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/151998","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=151998"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/151998\/revisions"}],"predecessor-version":[{"id":151999,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/151998\/revisions\/151999"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=151998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=151998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=151998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}