{"id":90154,"date":"2016-05-23T06:52:17","date_gmt":"2016-05-23T10:52:17","guid":{"rendered":"http:\/\/countingpips.com\/?p=90154"},"modified":"2016-05-23T06:52:17","modified_gmt":"2016-05-23T10:52:17","slug":"eurusd-pair-shifting-to-trend-line","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/05\/eurusd-pair-shifting-to-trend-line\/","title":{"rendered":"EURUSD: Pair Shifting to Trend Line"},"content":{"rendered":"
May 23, 2016<\/div>
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By Vladislav Antonov, Alpari<\/b><\/p>\n

Yesterday”s Trading:<\/em><\/strong><\/p>\n

On Friday the euro\/dollar renewed to 1.1237. The pair ditched the session maximum after US secondary market housing sales for April showed a 1.7% rise to 5.45 million homes. On this news the euro returned to 1.12. The trading session closed near the balance line (simple average line).<\/p>\n

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

On Monday the bulls have shifted Friday”s maximum to 1.1242. Asian activity is decent, only the trend line runs through 1.1252. It won”t be passed first time. It needs help from the euro\/pound cross. A small correction is needed on it to offload the indicators after Friday”s growth.<\/p>\n

Since the euro ended up sideways on Friday, today I expect to see it go to 79 points as part of the candle. I am inclined to believe we will see a break in the trend line during the American session and a strengthening of the euro to 1.1284.<\/p>

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