{"id":156111,"date":"2019-09-25T07:50:35","date_gmt":"2019-09-25T11:50:35","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=156111"},"modified":"2019-09-25T07:25:15","modified_gmt":"2019-09-25T11:25:15","slug":"eurusd-consolidating-on-the-balance-line","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/09\/eurusd-consolidating-on-the-balance-line\/","title":{"rendered":"EURUSD: consolidating on the balance line"},"content":{"rendered":"<div id=\"inves-2920643299\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">September 25, 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 Tuesday the 24<sup>th<\/sup> of September, trading on the euro closed up. The pound came out on top yesterday, making gains in the wake of the UK\u2019s Supreme Court ruling of Prime Minister Boris Johnson\u2019s 5-week prorogation of parliament as unlawful. Opposition figures have called on Johnson to resign.<\/p>\n<p>The US dollar came under slight pressure over talk of impeachment proceedings against President Donald Trump. The dollar\u2019s slide and the pound\u2019s rise saw the EURUSD pair recover to 1.1024.<\/p>\n<p><strong><em>Day\u2019s news (GMT+3):<\/em><\/strong><\/p>\n<ul>\n<li>11:15 Switzerland: ZEW survey \u2013 expectations (Sep).<\/li>\n<li>11:30 UK: BBA mortgage approvals (Aug).<\/li>\n<li>13:00 UK: CBI distributive trades survey \u2013 realized (Sep).<\/li>\n<li>16:00 US: SNB quarterly bulletin (Q3).<\/li>\n<li>17:00 US: new home sales (Aug).<\/li>\n<li>17:30 US: EIA crude oil stocks change (20 Sep).<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/alpari.com\/storage\/inline-images\/eur_250919_0.png\" alt=\"EURUSD H1\" data-entity-type=\"file\" data-entity-uuid=\"9af39ea7-d57c-4bad-8506-3151975695bb\" \/><strong><em>Current situation:<\/em><\/strong><\/p>\n<p>The euro is currently trading at 1.0995, with the bulls paring yesterday\u2019s gains in today\u2019s Asian session. This has snuffed out any chance of continued growth. The pair has broken down out of the upwards channel drawn from 1.0966. Considering that the stochastic is in the buy zone, a drop to the 45<sup>th<\/sup> degree is expected, with a bounce from around 1.1013 \u2013 1.1016. There are no significant events planned for today.<\/p>\n<p>The centre of attention is the upcoming parliamentary showdown in the UK, as well as developments in the US-China trade negotiations. US President Donald Trump yesterday again labelled China a currency manipulator. This lowered hopes among investors of a solution being found in the ongoing trade dispute anytime soon. Consequently, gold and the yen have both appreciated. With a lack of any new drivers, it seems unlikely that the pair will drop any lower than 1.0966.<\/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 Tuesday the 24th of September, trading on the euro closed up. The pound came out on top yesterday, making gains in the wake of the UK\u2019s Supreme Court ruling of Prime Minister Boris Johnson\u2019s 5-week prorogation of parliament as unlawful. Opposition figures have called on Johnson to resign. The US dollar came [&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-156111","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/156111","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=156111"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/156111\/revisions"}],"predecessor-version":[{"id":156112,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/156111\/revisions\/156112"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=156111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=156111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=156111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}