{"id":158351,"date":"2019-10-24T15:35:43","date_gmt":"2019-10-24T19:35:43","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=158351"},"modified":"2019-10-24T10:24:29","modified_gmt":"2019-10-24T14:24:29","slug":"eurusd-analysis-weaker-than-expected-euro-area-pmis-bearish-for-eurusd","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/10\/eurusd-analysis-weaker-than-expected-euro-area-pmis-bearish-for-eurusd\/","title":{"rendered":"EURUSD Analysis: Weaker than expected euro area PMIs bearish for EURUSD"},"content":{"rendered":"<div id=\"inves-1499453034\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">October 24, 2019<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">IFCMarkets<\/a><\/strong><\/p>\n<p><strong>Weaker than expected euro area PMIs bearish for EURUSD<\/strong><\/p>\n<blockquote><p>Euro-zone\u2019s flash readings of manufacturing and services sectors\u2019 PMIs for October were weaker than expected. Will the <a href=\"https:\/\/www.ifcmarkets.com\/en\/market-data\/forex-prices\/eurusd\">EURUSD<\/a> decline?<\/p><\/blockquote>\n<p style=\"text-align: center; margin-bottom: 20px; margin-top: 20px;\"><img decoding=\"async\" style=\"float: none;\" src=\"https:\/\/www.ifcmarkets.com\/uploads\/images\/EURUSD_24October2019.jpg\" alt=\"EURUSD falling toward MA(200)\" width=\"660px\" \/><\/p>\n<p>The price chart on 1-hour timeframe shows <b> EURUSD: H1 <\/b> is trading sideways. The price is falling toward the 200-period moving average MA(200) which is rising. And the RSI oscillator is below 50 level but has not reached the oversold zone. There is no trend yet formed, traders have to decide when it would be a best time to enter the market.<\/p>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">IFCMarkets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Weaker than expected euro area PMIs bearish for EURUSD Euro-zone\u2019s flash readings of manufacturing and services sectors\u2019 PMIs for October were weaker than expected. Will the EURUSD decline? The price chart on 1-hour timeframe shows EURUSD: H1 is trading sideways. The price is falling toward the 200-period moving average MA(200) which is rising. [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-158351","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/158351","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\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=158351"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/158351\/revisions"}],"predecessor-version":[{"id":158353,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/158351\/revisions\/158353"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=158351"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=158351"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=158351"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}