{"id":66344,"date":"2015-01-12T06:02:45","date_gmt":"2015-01-12T11:02:45","guid":{"rendered":"http:\/\/countingpips.com\/?p=66344"},"modified":"2015-01-12T07:29:24","modified_gmt":"2015-01-12T12:29:24","slug":"eurusd-forex-technical-analysis-january-12-2015","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/01\/eurusd-forex-technical-analysis-january-12-2015\/","title":{"rendered":"EURUSD: Forex Technical Analysis January 12, 2015"},"content":{"rendered":"<div id=\"inves-1342301285\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">January 12, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\">IFCMarkets<\/a><\/p>\n<p>Retracement completion<\/p>\n<p>Here we consider <a href=\"http:\/\/www.ifcmarkets.com\/en\/trading-conditions\/forex\/EURUSD\">EUR\/USD<\/a> currency pair on the H4 chart. The US dollar slid after Buiding Permits were released on Friday. It resulted in the price retracement inside the bearish trend channel. However, we expect the general trend to continue: as soon as the price approached the resistance line, bearish pattern \u201cabsorption\u201d was formed. The retracement completion can be connected with the strong level crossing at 1.17487. This mark is strengthened by the double bottom pattern (marked in red ellipse). Stop Loss can be placed above the last fractal at 1.18767. Conservative traders are recommended to wait for the <a href=\"http:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/rsi-bars\">RSI-Bars<\/a> oscillator confirmation: it is necessary to wait for the bullish trend to be completed at the support breakout 27.1330%. After order execution, Stop Loss is to be moved near the next fractal high. Thus, we are changing the probable profit\/loss ratio to the breakeven point.<\/p>\n<p style=\"text-align: center;\"><img decoding=\"async\" style=\"float: none;\" src=\"http:\/\/www.ifcmarkets.com\/uploads\/images\/TA-12-01-2015.png\" alt=\"EUR\/USD\" width=\"400 px\" \/><\/p>\n<table style=\"border: solid 1px black;\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td align=\"left\" valign=\"\u201dtop\u201d\"><b>Position<\/b><\/td>\n<td align=\"left\" valign=\"\u201dtop\u201d\">Sell<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"\u201dtop\u201d\"><b>Sell stop<\/b><\/td>\n<td align=\"left\" valign=\"\u201dtop\u201d\">below 1.17487<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"\u201dtop\u201d\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"\u201dtop\u201d\">above 1.18767<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Dear traders. For the detailed report of the strategy based on analytical issues of technical analysis click <a href=\"http:\/\/www.mql5.com\/en\/signals\/52887\" rel=\"nofollow\">here<\/a>.<\/p>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\">IFCMarkets<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Retracement completion Here we consider EUR\/USD currency pair on the H4 chart. The US dollar slid after Buiding Permits were released on Friday. It resulted in the price retracement inside the bearish trend channel. However, we expect the general trend to continue: as soon as the price approached the resistance line, bearish pattern [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-66344","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/66344","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=66344"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/66344\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=66344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=66344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=66344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}