{"id":78610,"date":"2015-09-22T06:46:02","date_gmt":"2015-09-22T10:46:02","guid":{"rendered":"http:\/\/countingpips.com\/?p=78610"},"modified":"2015-09-22T08:34:08","modified_gmt":"2015-09-22T12:34:08","slug":"eurusd-drops-as-yields-drive-dollar-higher","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/09\/eurusd-drops-as-yields-drive-dollar-higher\/","title":{"rendered":"EUR\/USD Drops as Yields Drive Dollar Higher"},"content":{"rendered":"
September 22, 2015<\/div>
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Article by ForexTime<\/a><\/p>\n

EUR\/USD dropped lower hitting a fresh low of 1.1155, extending Monday dollar-driven decline in the wake of hawkish remarks from Fed\u2019s Bullard and, to a lesser extent, Lacker. Bullard, presently a non-FOMC voter, said that there is a \u201cpowerful case to be made\u201d for rate lift-off. This contrasted with ECB\u2019s Praet, who said in remarks after the European close that the central bank would \u201cforcefully\u201d react should the inflation environment worsen.<\/p>\n

The in-action of the Fed creates a bearish case for EUR\/USD, despite the Fed\u2019s relatively dovish guidance, as the dollar has yield advantage, particularly at the long end, and with the ECB likely to counter any euro strength with its own dovish guidance. Prices slashed through an upward sloping trend line and will likely target support is at 1.1125, which corresponds with the 50-day moving average. Resistance is seen near the 20-day moving average at 1.1243.<\/p>\n

Momentum has turned negative with the MACD (moving average convergence divergence) index generating a sell signal.\u00a0 This occurs as the spread (the 12-day moving average minus the 26-day moving average) crosses below the 9-day moving average of the spread.<\/p>\n

\"eur-092215\"<\/a><\/p>\n

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\"Forex-Time-Logo\"Article by ForexTime<\/a><\/span><\/strong><\/p>\n

ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 www.forextime.com<\/a><\/p>

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Article by ForexTime EUR\/USD dropped lower hitting a fresh low of 1.1155, extending Monday dollar-driven decline in the wake of hawkish remarks from Fed\u2019s Bullard and, to a lesser extent, Lacker. Bullard, presently a non-FOMC voter, said that there is a \u201cpowerful case to be made\u201d for rate lift-off. This contrasted with ECB\u2019s Praet, who […]<\/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-78610","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/78610","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=78610"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/78610\/revisions"}],"predecessor-version":[{"id":78615,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/78610\/revisions\/78615"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=78610"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=78610"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=78610"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}