{"id":80266,"date":"2015-10-29T06:50:56","date_gmt":"2015-10-29T10:50:56","guid":{"rendered":"http:\/\/countingpips.com\/?p=80266"},"modified":"2015-10-29T07:52:51","modified_gmt":"2015-10-29T11:52:51","slug":"euro-edges-higher-following-slide-after-fed-meeting","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/10\/euro-edges-higher-following-slide-after-fed-meeting\/","title":{"rendered":"Euro Edges Higher Following Slide After Fed Meeting"},"content":{"rendered":"<div id=\"inves-2260863416\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">October 29, 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 fell on Wednesday following the Fed\u2019s announcement that the December FOMC meeting would be live, and interest rates could climb if the data supported a change.\u00a0 The tone of the statement was more hawkish than expected, driving yields in the U.S. higher and eroded the value of the EUR\/USD.\u00a0 With expectations that the ECB will expand their bond purchase program in December, the Euro is likely to remain under pressure. \u00a0The Euro received a boost after the\u00a0EMU ESI economic confidence unexpectedly improved in October, with the overall reading rising to 105.9 from 105.6 in the previous month.<\/p>\n<p>The currency pair is subdued and consolidated on Thursday as now traders await the decision by the Bank of Japan on its bond purchase program. Support near the August lows at 1.0847.\u00a0 Resistance is the breakdown level at 1.1080.\u00a0 Momentum is negative with the MACD printing in the red with a downward sloping trajectory.\u00a0 The RSI moved lower with price action reflecting accelerating negative momentum while printing a reading of 35, which is just above the oversold trigger level of 30.<\/p>\n<p><a href=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2015\/10\/eur-102915.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-9617\" src=\"http:\/\/www.forexcircles.com\/wp-content\/uploads\/2015\/10\/eur-102915-300x193.jpg\" alt=\"eur-102915\" width=\"300\" height=\"193\" \/><\/a><\/p>\n<p>&nbsp;<\/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>\n","protected":false},"excerpt":{"rendered":"<p>Article by ForexTime The EUR\/USD fell on Wednesday following the Fed\u2019s announcement that the December FOMC meeting would be live, and interest rates could climb if the data supported a change.\u00a0 The tone of the statement was more hawkish than expected, driving yields in the U.S. higher and eroded the value of the EUR\/USD.\u00a0 With [&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-80266","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/80266","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=80266"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/80266\/revisions"}],"predecessor-version":[{"id":80272,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/80266\/revisions\/80272"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=80266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=80266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=80266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}