{"id":171799,"date":"2020-06-08T10:22:08","date_gmt":"2020-06-08T14:22:08","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=171799"},"modified":"2020-06-08T09:18:11","modified_gmt":"2020-06-08T13:18:11","slug":"euro-gives-back-some-gains-on-profit-taking","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/06\/euro-gives-back-some-gains-on-profit-taking\/","title":{"rendered":"Euro Gives Back Some Gains On Profit Taking"},"content":{"rendered":"
June 8, 2020<\/div>
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By <\/strong>Orbex<\/strong><\/a><\/p>\n

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The euro currency gave back some gains on Friday, closing on a bearish note.<\/p>\n

But, this came right after prices reached a new three-month high of 1.1382.<\/p>\n

Despite the pullback, the bias in EURUSD remains to the upside. Unless there are signs of a lower high forming, EURUSD remains on track to post further gains.<\/p>\n

Forming a lower high, of course, will change this view. It would put the euro on a path towards a correction lower.<\/p>\n

Minor support is seen at 1.2378 which could stall prices from declines. But a close below this level might accelerate declines down to 1.1132.<\/p>

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By <\/strong>Orbex<\/strong><\/a><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By Orbex The euro currency gave back some gains on Friday, closing on a bearish note. But, this came right after prices reached a new three-month high of 1.1382. Despite the pullback, the bias in EURUSD remains to the upside. Unless there are signs of a lower high forming, EURUSD remains on track to post […]<\/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-171799","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/171799","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=171799"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/171799\/revisions"}],"predecessor-version":[{"id":171807,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/171799\/revisions\/171807"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=171799"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=171799"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=171799"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}