{"id":83137,"date":"2015-12-30T07:39:13","date_gmt":"2015-12-30T12:39:13","guid":{"rendered":"http:\/\/countingpips.com\/?p=83137"},"modified":"2019-01-09T12:18:07","modified_gmt":"2019-01-09T17:18:07","slug":"eurodollar-euro-could-weaken-against-dollar-due-to-fall-in-europound-cross","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/12\/eurodollar-euro-could-weaken-against-dollar-due-to-fall-in-europound-cross\/","title":{"rendered":"Euro\/Dollar: Euro Could Weaken Against Dollar Due to Fall in Euro\/Pound Cross"},"content":{"rendered":"<div id=\"inves-3906533308\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">December 30, 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>Tuesday\u2019s trading saw the euro\/dollar sticking to my forecast up to the American session. By the end of the day the euro had weakened against the dollar by 50 points to 1.0919. The euro bulls couldn\u2019t manage to strengthen above 1.10. The price slid from the daily trend line. The euro fell following the pound when the euro\/pound cross switched its path southbound.<\/p>\n<p>Without any news to drive the price, the euro\/dollar will keep trading in a sideways with an average price of 1.0940 that it has had for the past 5 trading days.<\/p>\n<p>The US consumer confidence index for December was 96.5 (forecasted 92.5, previous: reassessed from 90.4 to 92.6). This is an excellent figure, but the market knew it was coming.<\/p>\n<p><i><b>Main news of the day (EET):<\/b><\/i><\/p><div id=\"inves-4024690941\" 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<ul class=\"list list_type_disc\">\n<li>17:00, US data on November incomplete housing sales;<\/li>\n<li>17:30, US Ministry for Energy is publishing oil reserve data.<\/li>\n<\/ul>\n<p><i><b>Market Expectations:<\/b><\/i><\/p>\n<p>I\u2019ve not bothered with a forecast for Wednesday. The market is thin and the calendar is empty. We now need to think outside the box and against the technical side because the big players find it easier to take down stops and make money on the ruptures (stop orders) and to use large orders for opening positions at profitable prices on the bounce (limit orders).<\/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 EUR\/USD is trading sideways on the thin market. The spread range is 1.0900 \u2013 1.0980. The bulls couldn\u2019t manage to break the daily trend line yesterday. Due to the bearish candles on the daily time frame, the oscillator stochastic has crossed downwards. This means that you should expect the unexpected for today.<\/p>\n<p>For the bears to take back the initiative, the day needs to close around 1.0860. For the bulls to capture December\u2019s flag, they need to strengthen above 1.10.<\/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_301215.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\/11745_30122015\/\">Euro\/Dollar: Euro Could Weaken Against Dollar Due to Fall in Euro\/Pound Cross<\/a>&#8220;<\/div>\n<\/div>\n<div class=\"s_invisible_yes\"><\/div>\n<div class=\"s_invisible_yes\"><\/div>\n<div class=\"s_invisible_yes\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By\u00a0Vladislav Antonov, Alpari Yesterday\u2019s Trading: Tuesday\u2019s trading saw the euro\/dollar sticking to my forecast up to the American session. By the end of the day the euro had weakened against the dollar by 50 points to 1.0919. The euro bulls couldn\u2019t manage to strengthen above 1.10. The price slid from the daily trend line. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-83137","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/83137","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=83137"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/83137\/revisions"}],"predecessor-version":[{"id":83138,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/83137\/revisions\/83138"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=83137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=83137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=83137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}