{"id":154262,"date":"2019-08-27T07:45:04","date_gmt":"2019-08-27T11:45:04","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=154262"},"modified":"2019-08-27T07:13:56","modified_gmt":"2019-08-27T11:13:56","slug":"eurusd-bulls-trying-to-recover-yesterdays-losses","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/08\/eurusd-bulls-trying-to-recover-yesterdays-losses\/","title":{"rendered":"EURUSD: bulls trying to recover yesterday\u2019s losses"},"content":{"rendered":"<div id=\"inves-418626635\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">August 27, 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 26<sup>th<\/sup> of August, trading on the euro closed down. The single currency underwent a correction following Friday\u2019s rally, when it rose in response to China\u2019s decision to increase tariffs on US goods. On Monday, the bulls hit a high of 1.1164 after Trump\u2019s decision to increase tariffs on Chinese goods. While the two sides traded blows, China\u2019s Vice Premier Liu He said that China is willing to continue negotiations to resolve the trade dispute.<\/p>\n<p>The safe haven assets went into decline. The US dollar index has corrected following a drop. Markets expect the US and China to keep trying to reach a trade deal. The EURUSD pair slumped to 1.1094.<\/p>\n<p><strong><em>Day\u2019s news (GMT+3):<\/em><\/strong><\/p>\n<ul>\n<li>09:00 Germany: GDP (Q2).<\/li>\n<li>11:30 UK: BBA mortgage approvals (Jul).<\/li>\n<li>15:00 Eurozone: ECB\u2019s De Guindos speech.<\/li>\n<li>16:00 US: S&amp;P\/Case-Shiller home price indices (Jun).<\/li>\n<li>17:00 US: consumer confidence, Richmond Fed manufacturing index (Aug).<\/li>\n<li>23:30 US: API weekly crude oil stock (23 Aug).<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/alpari.com\/storage\/inline-images\/eur_270819_0.png\" alt=\"EURUSD H1\" data-entity-type=\"file\" data-entity-uuid=\"daccc682-4891-46aa-a3d8-bf9c1833ecef\" \/><strong><em>Current account:<\/em><\/strong><\/p>\n<p>The pair has dropped below the balance line. This is a bad sign for the bulls. Considering that the stochastic oscillator is looking down, it\u2019s expected that the pair will rebound from the 67<sup>th<\/sup> degree at 1.1085. Trump keeps adding uncertainty on the financial markets, so prepare yourselves for tweets directed at China and Iran. Since the pair is currently in the middle of Friday\u2019s range, it seems more likely that the euro is heading upwards against the dollar. A breakout to the upside of the downwards channel will open the road towards 1.1150.<\/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 26th of August, trading on the euro closed down. The single currency underwent a correction following Friday\u2019s rally, when it rose in response to China\u2019s decision to increase tariffs on US goods. On Monday, the bulls hit a high of 1.1164 after Trump\u2019s decision to increase tariffs on Chinese [&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-154262","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/154262","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=154262"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/154262\/revisions"}],"predecessor-version":[{"id":154263,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/154262\/revisions\/154263"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=154262"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=154262"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=154262"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}