{"id":80208,"date":"2015-10-28T06:38:34","date_gmt":"2015-10-28T10:38:34","guid":{"rendered":"http:\/\/countingpips.com\/?p=80208"},"modified":"2015-10-28T06:46:30","modified_gmt":"2015-10-28T10:46:30","slug":"euro-retraces-losses-following-strong-italian-confidence-figures","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/10\/euro-retraces-losses-following-strong-italian-confidence-figures\/","title":{"rendered":"Euro Retraces Losses Following Strong Italian Confidence Figures"},"content":{"rendered":"<div id=\"inves-3030891482\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">October 28, 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 EUR\/USD edged higher moving back toward the breakdown level which now appears to be resistance just shy of 1.1065 ahead of the Fed and BoJ policy meetings. Other currencies are similarly subdued. ECB member Hansson proved a reminder that not all council members are of a dovish mind-set, saying that he doesn\u2019t see any \u201cconvincing reason\u201d to consider further policy action in December. The risk on the currency pair is still tilted to the downside with the ECB having readied the stimulus spigot for a potential December move. This comes despite a worse than expected U.S. durable goods orders reported on Tuesday.<\/p>\n<p>Italian confidence surged in October, with the consumer confidence reading jumping to 116.9, while September was revised up to 113.0 from 112.7 reported previously. Business confidence jumped to 105.9 from 104.4 and economic confidence improved to 107.5 from 106.1.<\/p>\n<p>EUR-USD support is near 1.1000, and resistance is at 1.1065. Additional resistance on the currency pair is seen near the 10-day moving average at 1.12. Momentum remains negative with the MACD printing in the red with a downward sloping trajectory.<\/p>\n<p><a href=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2015\/10\/eur-102815.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-9599\" src=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2015\/10\/eur-102815-300x207.jpg\" alt=\"eur-102815\" width=\"300\" height=\"207\" \/><\/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-2123187561\" 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 EUR\/USD edged higher moving back toward the breakdown level which now appears to be resistance just shy of 1.1065 ahead of the Fed and BoJ policy meetings. Other currencies are similarly subdued. ECB member Hansson proved a reminder that not all council members are of a dovish mind-set, saying that he [&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-80208","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/80208","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=80208"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/80208\/revisions"}],"predecessor-version":[{"id":80215,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/80208\/revisions\/80215"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=80208"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=80208"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=80208"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}