{"id":81327,"date":"2015-11-20T06:37:51","date_gmt":"2015-11-20T11:37:51","guid":{"rendered":"http:\/\/countingpips.com\/?p=81327"},"modified":"2015-11-20T06:56:19","modified_gmt":"2015-11-20T11:56:19","slug":"euro-attempts-to-bottom-as-momentum-turns-higher","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/11\/euro-attempts-to-bottom-as-momentum-turns-higher\/","title":{"rendered":"Euro Attempts to Bottom as Momentum Turns Higher"},"content":{"rendered":"
November 20, 2015<\/div>
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Article by ForexTime<\/a><\/p>\n

EUR\/USD is softer Friday after running to a four-day peak at 1.0763 yesterday amid a broad dollar retreat in the wake of the late-October Fed minutes, which signaled a very gradual path to further tightening beyond a still-likely December rate hike. The sharply contrasting policy stances of the ECB and Fed should, however, maintain EUR-USD\u2019s bigger-picture downward bias<\/p>\n

German producer price inflation fell back to -2.3% year over year from -2.1% year over year in the previous month, with prices down -0.4% month over month, driven by a -0.9% month over month drop in energy prices and a -0.6% month over month decline in prices for basic goods. Energy price declines also dominate the annual rate as heating oil prices drop 31.1% year over year. Excluding energy, prices fell -0.7% year over year and the drop further into negative territory in recent months highlights that the drop in energy prices is feeding through the product chain.<\/p>\n

The currency pair is attempting to bottom with support now seen near the November lows at 1.0630.\u00a0 Resistance is seen near the 10-day moving average at 1.0725.\u00a0 Momentum has turned positive, with the MACD (moving average convergence divergence) index generating a buy signal.\u00a0 This occurs as the spread (the 12-day moving average minus the 26-day moving average) crosses above the 9-day moving average of the spread.\u00a0 The index moved from negative to positive territory confirming the buy signal.<\/p>\n

\"eur-112015\"<\/a><\/p>\n

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\"Forex-Time-Logo\"Article by ForexTime<\/a><\/span><\/strong><\/p>\n

ForexTime Ltd (FXTM)<\/strong> is an award winning international online forex broker regulated by CySEC 185\/12 www.forextime.com<\/a><\/p>

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Article by ForexTime EUR\/USD is softer Friday after running to a four-day peak at 1.0763 yesterday amid a broad dollar retreat in the wake of the late-October Fed minutes, which signaled a very gradual path to further tightening beyond a still-likely December rate hike. The sharply contrasting policy stances of the ECB and Fed should, […]<\/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-81327","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/81327","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=81327"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/81327\/revisions"}],"predecessor-version":[{"id":81337,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/81327\/revisions\/81337"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=81327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=81327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=81327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}