{"id":154813,"date":"2019-09-05T07:35:59","date_gmt":"2019-09-05T11:35:59","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=154813"},"modified":"2019-09-05T07:20:57","modified_gmt":"2019-09-05T11:20:57","slug":"eurusd-pair-aiming-for-112-135-degree-range","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/09\/eurusd-pair-aiming-for-112-135-degree-range\/","title":{"rendered":"EURUSD: pair aiming for 112\u2013135-degree range"},"content":{"rendered":"<div id=\"inves-114979034\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">September 5, 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>On Wednesday the 4<sup>th<\/sup> of September, trading on the euro closed up. The single currency\u2019s rise was helped along by several factors: a broadly weaker dollar, reduced tensions in Hong Kong, and improved political situations in Italy and the UK.<\/p>\n<p>The market\u2019s appetite for risk has increased in today\u2019s Asian session following the publication of Chinese PMI data. The pound has recovered from its low point following a vote in parliament. The House of Commons debated a bill that could delay the UK\u2019s departure from the EU by forcing the government to seek an extension.<\/p>\n<p>Italian Prime Minister Giuseppe Conte has reached a deal on forming a new coalition government. The day ended with news that Hong Kong leader Carrie Lam has officially announced the withdrawal of the extradition bill that sparked the protests.<\/p>\n<p>The EURUSD pair has recovered to 1.1039.<\/p>\n<p><strong><em>Day\u2019s news (GMT+3):<\/em><\/strong><\/p>\n<ul>\n<li>15:15 US: ADP employment change (Aug).<\/li>\n<li>15:30 US: unit labor costs (Q2), nonfarm productivity (Q2), initial jobless claims (30 Aug).<\/li>\n<li>16:45 US: Markit services PMI (Aug).<\/li>\n<li>17:00 US: ISM non-manufacturing PMI (Aug), factory orders (Jul).<\/li>\n<li>18:00 US: EIA crude oil stocks change (30 Aug).<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/alpari.com\/storage\/inline-images\/eur050919_0.png\" alt=\"EURUSD H1\" data-entity-type=\"file\" data-entity-uuid=\"13d2dd7b-001c-47d7-985e-0f0abf112d35\" \/><strong><em>Current situation:<\/em><\/strong><\/p>\n<p>The pair rose to the 67<sup>th<\/sup> degree as expected. The news even sent it past this mark to reach the 90<sup>th<\/sup> degree. After a correction to 1.1017, the pair recovered to 1.1035. The bulls are preparing to push on higher to the 112<sup>th<\/sup> degree at 1.1060. There are no technical barriers to achieving this. The U3 MA line runs through 1.1099. The pair could make it this far if the dollar continues its downward correction against the majors.<\/p>\n<p>High volatility is expected in today\u2019s US session with the release of employment data. Ahead of the payrolls report, there are a lot of important statistics being released that could have an effect on market sentiment as well as US bond yields.<\/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 On Wednesday the 4th of September, trading on the euro closed up. The single currency\u2019s rise was helped along by several factors: a broadly weaker dollar, reduced tensions in Hong Kong, and improved political situations in Italy and the UK. The market\u2019s appetite for risk has increased in today\u2019s Asian session following the [&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-154813","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/154813","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=154813"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/154813\/revisions"}],"predecessor-version":[{"id":154814,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/154813\/revisions\/154814"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=154813"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=154813"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=154813"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}