{"id":87842,"date":"2016-04-08T07:42:31","date_gmt":"2016-04-08T11:42:31","guid":{"rendered":"http:\/\/countingpips.com\/?p=87842"},"modified":"2016-04-08T07:42:31","modified_gmt":"2016-04-08T11:42:31","slug":"expanding-formation-appeared","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/04\/expanding-formation-appeared\/","title":{"rendered":"Expanding Formation Appeared"},"content":{"rendered":"
April 8, 2016<\/div>
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By Vladislav Antonov,\u00a0Alpari<\/b><\/p>\n

Yesterday\u2019s Trading:<\/em><\/strong><\/p>\n

The euro\/dollar on Thursday closed down. The euro weakened against the US dollar after the publication of minutes from the ECB\u2019s March meeting. The minutes indicated an inclination of relaxing further their monetary policy.<\/p>\n

The euro met the support at 1.1337 (90 degrees) and then the price returned to 1.1385 (LB). There was no reaction from traders to the chiefs of the ECB and US Fed speaking. When trading finished in Europe, the pair switched into a sideways.<\/p>\n

Market Expectations:<\/em><\/strong><\/p>\n

The calendar for Friday is pretty much empty. A spike of volatility via the euro\/pound cross is possible when the UK stats come out. On my forecast I\u2019ve gone for a sideways for the euro along the balance line with an average price of 1.1375 for the last 55 hours.<\/p>

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Day\u2019s News (EET):<\/em><\/strong><\/p>\n