{"id":80722,"date":"2015-11-08T11:34:58","date_gmt":"2015-11-08T16:34:58","guid":{"rendered":"http:\/\/countingpips.com\/?p=80722"},"modified":"2015-11-08T11:42:11","modified_gmt":"2015-11-08T16:42:11","slug":"eurusd-tumbles-on-heavy-sell-off-stays-below-1-0807","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/11\/eurusd-tumbles-on-heavy-sell-off-stays-below-1-0807\/","title":{"rendered":"EURUSD: Tumbles On Heavy Sell Off, Stays Below 1.0807"},"content":{"rendered":"<div id=\"inves-3208980103\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">November 8, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>EURUSD: \u00a0The pair witnessed a sharp sell off the past week cutting through its key support the 1.0818\/08 zone. This development leaves EUR lower as we enter a new week. It will have to maintain below the mentioned support turned resistance to prevent any bullish offensive. But beware of a recovery higher following such a sell off. Support is located at the 1.0700 level but if violated, expect more weakness to occur towards the 1.0650 level. Further down, \u00a0support lies at the 1.0600 level where a violation will aim at the 1.0550 level. A break of here will aim at the 1.0500 level. Its weekly RSI is bearish and pointing lower supporting this view. \u00a0Conversely, resistance is comes at 1.0800 level with a cut through here opening the door for more upside towards the 1.0850 level. Further up, resistance lies at the 1.0900 level where a break will expose the 1.0950 level. All in all, EUR remains biased to the downside.<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/www.fxtechstrategy.com\/wp\/wp-content\/uploads\/2015\/11\/EURUSDWeekly1.png\" alt=\"null\" \/><\/p>\n<p>By\u00a0<a href=\"http:\/\/www.fxtechstrategy.com\/\" target=\"_blank\">www.fxtechstrategy.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>EURUSD: \u00a0The pair witnessed a sharp sell off the past week cutting through its key support the 1.0818\/08 zone. This development leaves EUR lower as we enter a new week. It will have to maintain below the mentioned support turned resistance to prevent any bullish offensive. But beware of a recovery higher following such a [&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-80722","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/80722","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=80722"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/80722\/revisions"}],"predecessor-version":[{"id":80724,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/80722\/revisions\/80724"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=80722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=80722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=80722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}