{"id":83054,"date":"2015-12-29T07:58:27","date_gmt":"2015-12-29T12:58:27","guid":{"rendered":"http:\/\/countingpips.com\/?p=83054"},"modified":"2015-12-29T07:58:27","modified_gmt":"2015-12-29T12:58:27","slug":"eurodollar-buyers-readying-to-storm-1-10","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/12\/eurodollar-buyers-readying-to-storm-1-10\/","title":{"rendered":"Euro\/Dollar: Buyers Readying to Storm 1.10"},"content":{"rendered":"<div id=\"inves-3200419205\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">December 29, 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 DXY on Monday sat in a 97.80 \u2013 98.05 point range. The euro\/dollar was consolidating in a 1.0955 \u2013 1.0985 range. The ranges were narrow due a fall in trading volumes throughout the day. Many traders closed their positions before Christmas and this meant a fall in market liquidity.<\/p>\n<p><i><b>Main news of the day (EET):<\/b><\/i><\/p>\n<ul class=\"list list_type_disc\">\n<li>17:00, US consumer confidence.<\/li>\n<\/ul>\n<p><i><b>Market Expectations:<\/b><\/i><\/p>\n<p>As New Year approaches, trader activity remains low. However, this does not mean that currency rates will sit in sideways trends until 4th January. I\u2019ve included a graph of the euro\/pound in the analysis today. It should help us find the vulnerable spot for the euro\/dollar.<\/p><div id=\"inves-1932840050\" 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 calendar is empty, so a spike in volatility is likely to occur through the cross rates. On the cycles I have the euro\/dollar down in the first half of the day and only on the American session seeing a storm of the daily trend line.<\/p>\n<p><i><b>Technical Analysis:<\/b><\/i><\/p>\n<ul class=\"list list_type_disc\">\n<li>Intraday target maximum: 1.0988, minimum: 1.0941, close: 1.0983;<\/li>\n<li>Intraday volatility for last 10 weeks: 101 points (4 figures).<\/li>\n<\/ul>\n<p>The euro\/dollar has been in a sideways for 16 hours on the hourly. The consolidation range is shrinking. The pair is readying to undergo some sharp fluctuations so as to stray from the LB. I think that as soon as the euro drops to the LB, the oscillator stochastic will return to the buyer zone.<\/p>\n<p>Keep an eagle eye on the euro\/pound cross since, if it passes the 0.7350 support, it won\u2019t be worth expecting to see any EUR\/USD growth. Due to a weakening of the USD, the GBP\/USD will shoot upwards and the euro will stay in its sideways. Any strengthening of the dollar will see the market forming a mirror image, the euro will fall to 1.0920 and the pound\/dollar will keep trading around 1.4886 if there is any support from the cross.<\/p>\n<div class=\" box__gray-area\">\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.alpari.ru\/data\/media\/trunk\/images\/Analytics\/2015\/12\/eur_291215.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\/11726_29122015\/\">Euro\/Dollar: Buyers Readying to Storm 1.10<\/a>&#8220;<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Alpari Yesterday\u2019s Trading: The DXY on Monday sat in a 97.80 \u2013 98.05 point range. The euro\/dollar was consolidating in a 1.0955 \u2013 1.0985 range. The ranges were narrow due a fall in trading volumes throughout the day. Many traders closed their positions before Christmas and this meant a fall in market liquidity. Main [&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-83054","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/83054","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=83054"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/83054\/revisions"}],"predecessor-version":[{"id":83072,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/83054\/revisions\/83072"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=83054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=83054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=83054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}