{"id":71847,"date":"2015-05-01T05:45:54","date_gmt":"2015-05-01T09:45:54","guid":{"rendered":"http:\/\/countingpips.com\/?p=71847"},"modified":"2015-05-01T07:28:16","modified_gmt":"2015-05-01T11:28:16","slug":"euro-targets-fresh-highs-versus-the-us-dollar","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/05\/euro-targets-fresh-highs-versus-the-us-dollar\/","title":{"rendered":"Euro Targets Fresh Highs versus the US Dollar"},"content":{"rendered":"<div id=\"inves-962969309\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">May 1, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>Talking Points<\/strong><\/p>\n<ul>\n<li>Euro managed to trade above the 1.1000 resistance area, but failed to hold the ground.<\/li>\n<li>German Consumer Price Index released recently posted a decline of 0.1% in April 2015, compared to the preceding month.<\/li>\n<li>UK CBI Distributive Trades Survey released by the Confederation of British Industry posted a decline from 18 to 12 in April.<\/li>\n<\/ul>\n<p><strong>Key Highlights:<\/strong><\/p>\n<p><em>German Consumer Price Index <\/em><\/p>\n<p><em>UK CBI Distributive Trades Survey<\/em><\/p>\n<p>&nbsp;<\/p>\n<p><strong>German CPI<\/strong><\/p>\n<p>Recently, there were several important releases lined up in the Euro Zone, including the German Consumer Price Index. The German CPI helps in evaluating price movements by the comparison between the retail prices of goods and services.<\/p><div id=\"inves-371872877\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<p>The forecast was lined up of 0.1% decrease in April 2015, compared to March 2015. The report stated that the German CPI is expected to decrease by 0.1%, fulfilling the market expectation. In terms of the year-over-year change, the German CPI managed to increase by 0.4%, which was higher compared to the previous rise of 0.3%.<\/p>\n<p>Guest Post\u00a0By \u2013\u00a0Tom Daly,\u00a0<a href=\"http:\/\/www.academyft.com\">Academy of Financial Trading<\/a><\/p>\n<p><strong>EURUSD Technical Analysis<\/strong><\/p>\n<p>The Euro surged higher during the past couple of sessions versus the US dollar, and traded a few pips above the 1.1000 level. There was a reaction noted around the mentioned area, and as a result, the pair corrected lower.<\/p>\n<p><a href=\"http:\/\/postimg.org\/image\/52elmonz5\/full\/\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/s24.postimg.org\/x2ip6yrfp\/EURUSD_04_29_2015.png\" alt=\"EURUSD 04 29 2015\" width=\"580\" height=\"318\" border=\"0\" \/><\/a><\/p>\n<p>There was a bearish trend line formed on the hourly chart of the EURUSD pair, which was breached by buyers recently. It is now acting as a barrier for sellers and providing support to the pair. There is a chance of one more dip towards the highlighted trend line, which can be considered as a buying zone.<\/p>\n<p><strong>UK CBI Distributive Trades Survey<\/strong><\/p>\n<p>The UK CBI Distributive Trades Survey, which is a main indicator of short-term trends in the UK retail was published by the Confederation of British Industry. The market was expecting a rise in retail sales volumes with a rise from 18 to 25 in the CBI Distributive Trades Survey in April 2015. However, the result was disappointing as it fell to 12.<\/p>\n<p>The report stated that retailers expected sales growth to improve next month. The CBI DTS Chairman and Asda\u2019s Chief Customer Officer, Barry Williams, mentioned that \u201cWith the mixed news we\u2019ve been seeing from the high street recently it\u2019s perhaps not surprising that retailers have reported varied fortunes this month\u201d.<\/p>\n<p>\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2013<\/p>\n<p>Post Submitted By \u2013\u00a0Tom Daly,\u00a0<a href=\"http:\/\/www.academyft.com\">Academy of Financial Trading<\/a><\/p>\n<p>\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2014\u2013<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Talking Points Euro managed to trade above the 1.1000 resistance area, but failed to hold the ground. German Consumer Price Index released recently posted a decline of 0.1% in April 2015, compared to the preceding month. UK CBI Distributive Trades Survey released by the Confederation of British Industry posted a decline from 18 to 12 [&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-71847","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/71847","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=71847"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/71847\/revisions"}],"predecessor-version":[{"id":71857,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/71847\/revisions\/71857"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=71847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=71847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=71847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}