{"id":78321,"date":"2015-09-16T06:46:05","date_gmt":"2015-09-16T10:46:05","guid":{"rendered":"http:\/\/countingpips.com\/?p=78321"},"modified":"2015-09-16T08:00:20","modified_gmt":"2015-09-16T12:00:20","slug":"euro-tests-support-at-200-day-moving-average-as-ecb-rhetoric-provides-headwinds","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/09\/euro-tests-support-at-200-day-moving-average-as-ecb-rhetoric-provides-headwinds\/","title":{"rendered":"Euro Tests Support at 200-day Moving Average as ECB Rhetoric Provides Headwinds"},"content":{"rendered":"<div id=\"inves-669944041\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">September 16, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>Article by <a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/p>\n<p>The euro is trading at lower levels Wednesday, despite softer than expected U.S. data on Tuesday which included a miss on headline retail sales and industrial production. ECB-speak which included comments from Constancio where he said that the small size of the central bank\u2019s bond-buying program to date gives scope for more action, and his colleague Nowotny said that an extension in QE is possible.<\/p>\n<p>The EUR\/USD currency pair dipped to a six-day low of 1.1227, testing the 200-day moving average that is presently sitting at 1.1229. Constancio\u2019s and Noxotny\u2019s remarks seem well timed, being a day ahead of the Fed\u2019s decision tomorrow, with Eurozone policymakers perhaps eager to undermine any perceived safe-haven credentials of the euro.<\/p>\n<p>Resistance on the currency pair is seen near a downward sloping trend line that connects the highs in August to the highs in September and comes in near 1.1280.\u00a0 Momentum remains positive but the trajectory of the MACD is now flat reflecting the currency consolidation ahead of Thursday\u2019s Fed meeting.<\/p>\n<p><a href=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2015\/09\/eur-091615.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-9103\" src=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2015\/09\/eur-091615-300x196.jpg\" alt=\"eur-091615\" width=\"300\" height=\"196\" \/><\/a><\/p>\n<p>&nbsp;<\/p>\n<hr \/>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-54242 alignleft\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2014\/07\/Forex-Time-Logo.png\" alt=\"Forex-Time-Logo\" width=\"262\" height=\"90\" \/><strong>Article by <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\/contributors\/contributor-profile-forextime\/\">ForexTime<\/a><\/span><\/strong><\/p>\n<p><strong>ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 <a href=\"http:\/\/www.forextime.com\" target=\"_blank\">www.forextime.com<\/a><\/p><div id=\"inves-1135880216\" 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","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime The euro is trading at lower levels Wednesday, despite softer than expected U.S. data on Tuesday which included a miss on headline retail sales and industrial production. ECB-speak which included comments from Constancio where he said that the small size of the central bank\u2019s bond-buying program to date gives scope for more [&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-78321","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/78321","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=78321"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/78321\/revisions"}],"predecessor-version":[{"id":78325,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/78321\/revisions\/78325"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=78321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=78321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=78321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}