{"id":82229,"date":"2015-12-09T06:42:47","date_gmt":"2015-12-09T11:42:47","guid":{"rendered":"http:\/\/countingpips.com\/?p=82229"},"modified":"2015-12-09T06:42:47","modified_gmt":"2015-12-09T11:42:47","slug":"eurodollar-technical-picture-contradictory","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/12\/eurodollar-technical-picture-contradictory\/","title":{"rendered":"Euro\/Dollar: Technical Picture Contradictory"},"content":{"rendered":"<div id=\"inves-2283002084\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">December 9, 2015<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By\u00a0Vladislav Antonov, Alpari<\/strong><\/p>\n<p><i><b>Yesterday\u2019s Trading:<\/b><\/i><\/p>\n<p>By the end of Tuesday, the euro was up against the dollar by 60 points to 1.0891. The Swiss franc was also stronger against the USD. The Aussie and the pound were down. The market is undergoing a correctional phase after the ECB meeting and Draghi\u2019s words.<\/p>\n<p><i><b>Main news of the day (EET):<\/b><\/i><\/p>\n<ul class=\"list list_type_disc\">\n<li>09:00, German balance of trade and payments for October;<\/li>\n<li>17:30, US oil reserves;<\/li>\n<li>22:00, RBNZ interest rate decision and press conference.<\/li>\n<\/ul>\n<p><i><b>Market Expectations:<\/b><\/i><\/p>\n<p>I don\u2019t see any readiness on the market for simultaneous, unidirectional movement of currency pairs. I think that the correction will continue until Thursday. If I were to pick the most important out of today\u2019s events, I\u2019d have to highlight the RBNZ meeting.<\/p><div id=\"inves-910592057\" 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><i><b>Technical Analysis:<\/b><\/i><\/p>\n<ul class=\"list list_type_disc\">\n<li>Intraday target maximum: 1.0947, minimum: 1.0878 (current Asian), close: 1.0898;<\/li>\n<li>Intraday volatility for last 10 weeks: 103 points (4 figures).<\/li>\n<\/ul>\n<p>The euro has renewed its session maximum against the dollar in Asia. The euro\/dollar is trading at the U1 line around 1.0902. The technical picture across the key pairs is contradictory, so I believe the market will sit in a correctional phase until Thursday.<\/p>\n<p>As for the euro\/dollar, any support from the euro\/pound will leave me expecting to see a growth to 1.0947 with a subsequent bounce to 1.0898. Taking into account that the pound\/dollar has closed of Thursday\u2019s growth by 76%, it\u2019s doubtful that the euro\/dollar will head above 1.0980.<\/p>\n<div class=\"gray-area\">\n<div class=\"gray-area__wrap \">\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.alpari.ru\/data\/media\/trunk\/images\/Analytics\/2015\/12\/eur_091215.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\/11356_09122015\/\">Euro\/Dollar: Technical Picture Contradictory<\/a>&#8220;<\/div>\n<\/div>\n<div class=\"s_invisible_yes\"><\/div>\n<\/div>\n<div class=\"s_invisible_yes\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By\u00a0Vladislav Antonov, Alpari Yesterday\u2019s Trading: By the end of Tuesday, the euro was up against the dollar by 60 points to 1.0891. The Swiss franc was also stronger against the USD. The Aussie and the pound were down. The market is undergoing a correctional phase after the ECB meeting and Draghi\u2019s words. Main news of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-82229","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/82229","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=82229"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/82229\/revisions"}],"predecessor-version":[{"id":82230,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/82229\/revisions\/82230"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=82229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=82229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=82229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}