{"id":81199,"date":"2015-11-18T01:59:07","date_gmt":"2015-11-18T06:59:07","guid":{"rendered":"http:\/\/countingpips.com\/?p=81199"},"modified":"2015-11-18T05:43:44","modified_gmt":"2015-11-18T10:43:44","slug":"eurodollar-euro-still-under-pressure","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/11\/eurodollar-euro-still-under-pressure\/","title":{"rendered":"Euro\/Dollar: Euro Still Under Pressure"},"content":{"rendered":"<div id=\"inves-3634087337\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">November 18, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><b>B<\/b><strong>y\u00a0Vladislav Antonov, Alpari<\/strong><\/p>\n<p><i><b>Yesterday\u2019s Trading:<\/b><\/i><\/p>\n<p>On Tuesday the US dollar was up against the euro. The currency\u2019s strengthening slowed after weak US industrial manufacturing data came out. As soon as everything calmed down on the market, the euro again started to fall. The market stopped 30 points short of the 1.0600 level where we want it to be. This means that we should see a test of it today.<\/p>\n<p>US industrial manufacturing for October was down 0.2% (forecasted: 0.1%, previous: -0.2%).<\/p>\n<p><i><b>Main news of the day (EET):<\/b><\/i><\/p>\n<ul class=\"list list_type_disc\">\n<li>15:00 \u2013 Fed representatives Lockhart, Mester and Dudley;<\/li>\n<li>15:30 \u2013 US data on new housing and construction permits for October;<\/li>\n<li>21:00 \u2013 Fed to publish FOMC minutes.<\/li>\n<\/ul>\n<p><i><b>Market Expectations:<\/b><\/i><\/p><div id=\"inves-1217525176\" 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>The USD is receiving support from growing expectations that the Fed will raise rates in December. Europe\u2019s calendar is empty, so the sellers have a perfect opportunity to push the euro down to 1.0600 before the FOMC minutes are published.<\/p>\n<p><i><b>Technical Analysis:<\/b><\/i><\/p>\n<ul class=\"list list_type_disc\">\n<li>Intraday target maximum: 1.0650, minimum: 1.0555, close: 1.0580;<\/li>\n<li>Intraday volatility for last 10 weeks: 103 points (4 figures).<\/li>\n<\/ul>\n<p>The euro\/dollar is trading between the D1 and D2. As soon as the stochastic slides to 50%, the sellers could fall silent. I\u2019m sat in the bear camp. My target on the daily is still 1.0520. Before the FOMC minutes are published we should see a test of 1.0600. We\u2019re likely to have seen a test of 1.0555\/60 by the close of the day.<\/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_181115.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\/11054_18112015\/\">Euro\/Dollar: Euro Still Under Pressure<\/a>&#8220;<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By\u00a0Vladislav Antonov, Alpari Yesterday\u2019s Trading: On Tuesday the US dollar was up against the euro. The currency\u2019s strengthening slowed after weak US industrial manufacturing data came out. As soon as everything calmed down on the market, the euro again started to fall. The market stopped 30 points short of the 1.0600 level where we want [&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-81199","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/81199","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=81199"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/81199\/revisions"}],"predecessor-version":[{"id":81224,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/81199\/revisions\/81224"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=81199"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=81199"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=81199"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}