{"id":158388,"date":"2019-10-25T07:35:32","date_gmt":"2019-10-25T11:35:32","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=158388"},"modified":"2019-10-25T07:03:13","modified_gmt":"2019-10-25T11:03:13","slug":"eurusd-1-1083-the-next-target","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/10\/eurusd-1-1083-the-next-target\/","title":{"rendered":"EURUSD: 1.1083 the next target"},"content":{"rendered":"<div id=\"inves-708397689\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">October 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 Thursday the 24<sup>th<\/sup> of October, trading on the euro closed slightly up. The pair initially slid to 1.1093. Volatility was high during the European session as Mario Draghi gave his speech following the ECB meeting.<\/p>\n<p>The European regulator left interest rates unchanged, while Mario Draghi underlined the growing risks to the economy of sluggish inflation and slower economic growth in the Eurozone.<\/p>\n<p><strong><em>Day\u2019s news (GMT+3):<\/em><\/strong><\/p>\n<ul>\n<li>11:00 Germany: IFO \u2013 business climate (Oct), IFO \u2013 expectations (Oct), IFO \u2013 current assessment (Oct).<\/li>\n<li>17:00 US: Michigan consumer sentiment index (Oct).<\/li>\n<li>20:00 US: Baker Hughes US oil rig count.<\/li>\n<\/ul>\n<p><img decoding=\"async\" src=\"https:\/\/alpari.com\/storage\/inline-images\/eur_251019_0.png\" alt=\"EURUSD H1\" data-entity-type=\"file\" data-entity-uuid=\"a27938fc-c636-4234-b8f0-2e2a5424e33f\" \/><strong><em>Current situation:<\/em><\/strong><\/p>\n<p>The bears were 6 pips short of covering the volume profile from the 17<sup>th<\/sup> of October. We expect a test of the 67<sup>th<\/sup> degree at 1.1083. The trend line runs just below this level, so it\u2019s unlikely to be broken at the first attempt. The LB balance line runs through 1.1120. We expect a downwards reversal to start from the 1.1120 \u2013 1.1125 followed by a decline to 1.1083. After yesterday\u2019s engulfing of the bullish candlesticks, buying the euro does not look like an attractive prospect.<\/p>\n<p>The macro-economic events calendar is empty today. If anything is going to produce some movements, it will be the German IFO reports. These have an effect on the euro if the actual figures differ strongly enough from the predictions.<\/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 Thursday the 24th of October, trading on the euro closed slightly up. The pair initially slid to 1.1093. Volatility was high during the European session as Mario Draghi gave his speech following the ECB meeting. The European regulator left interest rates unchanged, while Mario Draghi underlined the growing risks to the economy [&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-158388","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/158388","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=158388"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/158388\/revisions"}],"predecessor-version":[{"id":158389,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/158388\/revisions\/158389"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=158388"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=158388"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=158388"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}