{"id":152072,"date":"2019-07-24T07:30:02","date_gmt":"2019-07-24T11:30:02","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=152072"},"modified":"2019-07-24T07:06:39","modified_gmt":"2019-07-24T11:06:39","slug":"eurusd-pair-approaching-an-important-support-zone-at-1-1128-1-1108","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/07\/eurusd-pair-approaching-an-important-support-zone-at-1-1128-1-1108\/","title":{"rendered":"EURUSD: pair approaching an important support zone at 1.1128 \u2013 1.1108"},"content":{"rendered":"<div id=\"inves-3168822062\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">July 24, 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 Tuesday the 23<sup>rd<\/sup> of June, trading on the euro closed significantly down against the dollar after spending virtually the whole day in a downtrend. A speech from RBA Deputy Governor Christopher Kent and an announcement from US President Donald Trump on a bipartisan budget agreement bolstered the US dollar. The euro shed 4.6%, slumping from the 1.1207 mark to close the day at 1.1151.<\/p>\n<p>The announcement of Boris Johnson as the victor in the Conservative Party\u2019s vote for a new leader, confirming his as the new Prime Minister, as well as speeches from the Bank of England\u2019s MPC, helped to set a stable downwards trend on the EURUSD pair, leading to a breakout of some key levels around 1.1194. The dollar\u2019s rise was finally mitigated by weak housing data in the US.<\/p>\n<p><strong><em>Day\u2019s news (GMT+3):<\/em><\/strong><\/p>\n<ul>\n<li>10:30 Germany: Markit manufacturing PMI (Jul).<\/li>\n<li>11:00 Eurozone: Markit manufacturing PMI (Jul).<\/li>\n<li>16:45 US: Markit manufacturing PMI (Jul).<\/li>\n<li>17:00 US: new home sales (Jun).<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/alpari.com\/storage\/inline-images\/EUR%20USD%2024.07.19_0.png\" alt=\"EURUSD H1\" data-entity-type=\"file\" data-entity-uuid=\"36240a08-0be4-4fc4-9a06-f9787f9c8c3b\" \/><strong><em>Current situation:<\/em><\/strong><\/p>\n<p>The pair is approaching the support zone between 1.1128 and 1.1108. We have the ECB and Fed meetings ahead, where decisions will be made on the economies\u2019 key rates. Markets expect the US Fed to lower interest rates at the next meeting, while there are hints at an easing of monetary policy by the ECB. Depending on how markets react to this, we could get a bounce from 1.1108, with the euro further strengthening.<\/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 Tuesday the 23rd of June, trading on the euro closed significantly down against the dollar after spending virtually the whole day in a downtrend. A speech from RBA Deputy Governor Christopher Kent and an announcement from US President Donald Trump on a bipartisan budget agreement bolstered the US dollar. The euro [&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-152072","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/152072","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=152072"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/152072\/revisions"}],"predecessor-version":[{"id":152074,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/152072\/revisions\/152074"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=152072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=152072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=152072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}