{"id":83718,"date":"2016-01-13T06:34:59","date_gmt":"2016-01-13T11:34:59","guid":{"rendered":"http:\/\/countingpips.com\/?p=83718"},"modified":"2016-01-13T06:34:59","modified_gmt":"2016-01-13T11:34:59","slug":"eurodollar-readying-for-return-to-1-0877","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/01\/eurodollar-readying-for-return-to-1-0877\/","title":{"rendered":"Euro\/Dollar Readying for Return to 1.0877"},"content":{"rendered":"<div id=\"inves-1336917407\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">January 13, 2016<\/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>Yesterday the GBP fell throughout the market and forced the euro bulls to drop to 1.0819. The UK industrial manufacturing index fell to a three year low. Other key currencies followed the pound downwards. After trading closed in Europe, the euro\/dollar returned to the LB at 1.0877.<\/p>\n<p>When Chinese balance of trade data came out in the morning and the stock indices switched into the green, the euro\/dollar renewed its minimum at 1.0810.<\/p>\n<p><i><b>Main news of the day (EET):<\/b><\/i><\/p>\n<ul class=\"list list_type_disc\">\n<li>12:00, Eurozone industrial manufacturing data for November;<\/li>\n<li>17:00, US level of labour market vacancies and work force turnover for November;<\/li>\n<li>17:30, US Ministry for Energy\u2019s oil reserve report;<\/li>\n<li>21:00, Fed Beige Book.<\/li>\n<\/ul>\n<p><i><b>Market Expectations:<\/b><\/i><\/p><div id=\"inves-1308251364\" 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>All I see for the end of today is a flat. In the first half of the day I expect to see the rate return to 1.0877 and then a sideways until Thursday. There is no important news planned for the euro. The oil reserve report could be a driver for the Canadian and this could put pressure on other currencies.<\/p>\n<p><i><b>Technical Analysis:<\/b><\/i><\/p>\n<ul class=\"list list_type_disc\">\n<li>Intraday target maximum: 1.0877 (current Asian), minimum: 1.0810 (current Asian), close: 1.0845;<\/li>\n<li>Intraday volatility for last 10 weeks: 100 points (4 figures).<\/li>\n<\/ul>\n<p>The euro stood at 1.0828 at 6:46 EET. Bull divergence has formed on the AO indicator. The stochastic has flipped downside up. The 1.0800 level is a decent support and the euro\/pound cross could lend a hand too. Since the calendar is empty, my review is just for the European session.<\/p>\n<div class=\" box__gray-area\">\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.alpari.ru\/data\/media\/trunk\/images\/Analytics\/2016\/01\/eur_130116.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\/11909_13012016\/\">Euro\/Dollar Readying for Return to 1.0877<\/a>&#8220;<\/div>\n<\/div>\n<p><em>Article submitted by Alpari.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By\u00a0Vladislav Antonov, Alpari Yesterday\u2019s Trading: Yesterday the GBP fell throughout the market and forced the euro bulls to drop to 1.0819. The UK industrial manufacturing index fell to a three year low. Other key currencies followed the pound downwards. After trading closed in Europe, the euro\/dollar returned to the LB at 1.0877. When Chinese balance [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-83718","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/83718","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=83718"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/83718\/revisions"}],"predecessor-version":[{"id":83740,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/83718\/revisions\/83740"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=83718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=83718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=83718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}