{"id":80858,"date":"2015-11-11T02:58:05","date_gmt":"2015-11-11T07:58:05","guid":{"rendered":"http:\/\/countingpips.com\/?p=80858"},"modified":"2015-11-11T06:48:53","modified_gmt":"2015-11-11T11:48:53","slug":"eurodollar-hammer-on-the-daily","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/11\/eurodollar-hammer-on-the-daily\/","title":{"rendered":"Euro\/Dollar: Hammer on the Daily"},"content":{"rendered":"<div id=\"inves-2895240209\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">November 11, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><b>By Alpari<\/b><\/p>\n<p><i><b>Yesterday\u2019s Trading:<\/b><\/i><\/p>\n<p>The calendar was empty on Tuesday, so the euro\/dollar headed unhindered to the 90th degree. My yesterday\u2019s expectations were fulfilled in full, but the daily closed with a hammer after there was a bounce from 1.0673.<\/p>\n<p><i><b>Main news of the day:<\/b><\/i><\/p>\n<ul class=\"list list_type_disc\">\n<li>11:30 EET, UK labor market data: number of unemployment benefit applications for October, ILO unemployment level; average earnings level, September employment creation;<\/li>\n<li>12:30 EET, BoE\u2019s Mark Carney to speak;<\/li>\n<li>15:15 EET, ECB\u2019s Mario Draghi to speak.<\/li>\n<\/ul>\n<p><i><b>Market Expectations:<\/b><\/i><\/p>\n<p>The hammer means that there\u2019s a upward correction to 1.0830. The signal for a strengthening of the euro is already active. There is just one little thing: the bulls have met the trend line. To get past it, the euro needs to rebound to 1.0716. The bounce will allow for the indicators to unload.<\/p><div id=\"inves-3234799179\" 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<p>Wednesday is also bare from a news point of view. Although, Draghi and Carney are set to speak. If they don\u2019t mention monetary policy, the low market volatility will remain until tomorrow. Today is a holiday in the US, so it would seem silly to risk opening new positions. The market could swing on UK labor market data.<\/p>\n<p><i><b>Technical Analysis:<\/b><\/i><\/p>\n<ul class=\"list list_type_disc\">\n<li>Intraday target maximum: 1.0775, minimum: 1.0715, close: 1.0740;<\/li>\n<li>Intraday volatility for last 10 weeks: 119 points (4 figures).<\/li>\n<\/ul>\n<p>The euro\/dollar has renewed from a minimum of 1.0673 to the trend line. A hammer has formed on the daily. This means that the risks of a deep correction are there. The holiday in the US could cancel the bull signal. As we know, on a thin market like today it\u2019s easy for stops to be set off above 1.0790. On my forecast I\u2019ve gone for a return of the rate to the 45th degree and then a sideways until Thursday.<\/p>\n<div class=\"gray-area\">\n<div class=\"gray-area__bottom-border\"><\/div>\n<div class=\"gray-area__wrap \">\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.alpari.ru\/data\/media\/trunk\/images\/Analytics\/2015\/11\/eur_111115.png\" alt=\"EUR\/USD Hourly Graph\" width=\"650\" height=\"660\" \/><\/p>\n<div class=\"s_invisible_yes\">Source: alpari.com, &#8220;<a href=\"http:\/\/alpari.com\/en\/analytics\/reviews\/market_sessions\/10965_11112015\/\">Euro\/Dollar: Hammer on the Daily<\/a>&#8220;<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Alpari Yesterday\u2019s Trading: The calendar was empty on Tuesday, so the euro\/dollar headed unhindered to the 90th degree. My yesterday\u2019s expectations were fulfilled in full, but the daily closed with a hammer after there was a bounce from 1.0673. Main news of the day: 11:30 EET, UK labor market data: number of unemployment benefit [&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-80858","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/80858","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=80858"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/80858\/revisions"}],"predecessor-version":[{"id":80878,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/80858\/revisions\/80878"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=80858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=80858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=80858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}