{"id":81308,"date":"2015-11-20T02:02:13","date_gmt":"2015-11-20T07:02:13","guid":{"rendered":"http:\/\/countingpips.com\/?p=81308"},"modified":"2015-11-20T06:49:23","modified_gmt":"2015-11-20T11:49:23","slug":"eurodollar-expected-renewal-of-1-0762-maximum","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/11\/eurodollar-expected-renewal-of-1-0762-maximum\/","title":{"rendered":"Euro\/Dollar: Expected Renewal of 1.0762 Maximum"},"content":{"rendered":"<div id=\"inves-1132079781\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">November 20, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><b>By\u00a0<\/b><strong>Vladislav Antonov, Alpari<\/strong><\/p>\n<div class=\"reviews-item__content\">\n<div class=\"tabs s_mb_18\">\n<div class=\"tabs__body tabs__body_active_yes\">\n<p><i><b>Yesterday\u2019s Trading:<\/b><\/i><\/p>\n<p>On Thursday the euro\/dollar rose to 1.0762. The euro\/dollar was down to 1.0668 after the publication of ECB minutes but then it quickly restored itself. The strengthening of the euro is linked to a fixing of profit on short positions. The ECB announced that it is ready to alter its monetary policy at its December meeting. The US statistics were ignored.<\/p>\n<p>Initial unemployment benefit applications in the US for last week were down from 276,000 to 271,000.<\/p>\n<p>The Philadelphia Fed\u2019s business activity index was up from -4.5 to 1.9.<\/p>\n<p>The Index for leading US indicators for October stood at 0.6% (forecasted: 0.6%, previous: -0.1%.<\/p>\n<p><i><b>Main news of the day (EET):<\/b><\/i><\/p>\n<ul class=\"list list_type_disc\">\n<li>10:00, ECB\u2019s Mario Draghi to speak;<\/li>\n<li>15:30, Canadian September retail sales;<\/li>\n<li>17:00, Eurozone November consumer confidence index;<\/li>\n<li>The Fed\u2019s Bullard and Dudley are set to speak.<\/li>\n<\/ul>\n<p><i><b>Market Expectations:<\/b><\/i><\/p>\n<p>The long-term picture on the EUR\/USD is still a bearish one. The bulls are trying to turn around the current downward trend by buying euros on the bounce. The bears still do have a chance at the moment to turn the situation around and put it under their control. They just need to close the day around 1.0650 and then the weekly candle won\u2019t look interesting for the buyers. I believe that the bulls won\u2019t settle down until the rate returns to 1.0829 (12th November maximum). In this case every trader will see an upside down head and shoulders model on the daily.<\/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: 1.0709 (current Asian), close: 1.0750;<\/li>\n<li>Intraday volatility for last 10 weeks: 103 points (4 figures).<\/li>\n<\/ul>\n<p>The growth of the EUR\/USD has stopped around the U3 near the 135th degree. The pair has corrected, the hourly indicators have offloaded: now we could see a return to 1.0775. Draghi is speaking today, but it\u2019s unlikely that he will say anything new. From 20th November, everything is in the bulls\u2019 hands.<\/p>\n<div class=\"gray-area\">\n<div class=\"gray-area__top-border\"><\/div>\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_201115.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\/11096_20112015\/\">Euro\/Dollar: Expected Renewal of 1.0762 Maximum<\/a>&#8220;<\/div>\n<div class=\"s_invisible_yes\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><b><\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By\u00a0Vladislav Antonov, Alpari Yesterday\u2019s Trading: On Thursday the euro\/dollar rose to 1.0762. The euro\/dollar was down to 1.0668 after the publication of ECB minutes but then it quickly restored itself. The strengthening of the euro is linked to a fixing of profit on short positions. The ECB announced that it is ready to alter its [&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-81308","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/81308","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=81308"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/81308\/revisions"}],"predecessor-version":[{"id":81330,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/81308\/revisions\/81330"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=81308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=81308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=81308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}