{"id":91759,"date":"2016-06-22T07:21:44","date_gmt":"2016-06-22T11:21:44","guid":{"rendered":"http:\/\/countingpips.com\/?p=91759"},"modified":"2016-06-22T07:21:44","modified_gmt":"2016-06-22T11:21:44","slug":"euro-expected-to-close-the-day-in-green-zone","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/06\/euro-expected-to-close-the-day-in-green-zone\/","title":{"rendered":"Euro Expected to Close the day in Green Zone"},"content":{"rendered":"<div id=\"inves-3400849637\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">June 22, 2016<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><b>By Vladislav Antonov, Alpari<\/b><\/p>\n<p><strong><em>Previous:<\/em><\/strong><\/p>\n<p>On Tuesday the euro closed down. After a break in the support at 1.1330, the rate fell to 1.1302. From here a rebound was expected. Before the ECB&#8221;s Draghi spoke, the sellers chased the buyers back to 1.1285. A close of the hourly candle below 1.13 cancelled out any growth for the euro.<\/p>\n<p>In his speech Draghi expressed concern for low inflation and hinted that the bank may take further stimulative measures. Such an announcement pushed the euro down to 1.1239.<\/p>\n<p><strong><em>Market Expectations:<\/em><\/strong><\/p>\n<p>The euro updated its session minimum in Asia and is currently trading in the green zone. The rate is at 1.1266. The European calendar is empty. High volatility is expected on the markets until the end of the week. It&#8221;s fortunate that the UK referendum is on a Thursday and not a weekend; otherwise we&#8221;d have big gaps.<\/p><div id=\"inves-3114768899\" 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>For the past few days, speculators have been swinging the markets using Brexit survey data. As such, I expect to see a revival of the euro to 1.1316 by the end of the European session. Now we&#8221;ll take a look at the technical picture and why I&#8221;ve selected this exact level.<\/p>\n<p><strong><em>Day&#8221;s News (EET):<\/em><\/strong><\/p>\n<ul class=\"list list_type_disc\">\n<li>15:30, Canadian April retail sales;<\/li>\n<li>16:00, SNB&#8221;s quarterly report;<\/li>\n<li>17:00, Eurozone June consumer confidence;<\/li>\n<li>17:00, Yellen to speak, secondary housing market sales during June for the US;<\/li>\n<li>17:30, oil reserves for the week ending 18<sup>th<\/sup> June.<\/li>\n<\/ul>\n<p><strong><em>Technical Analysis:<\/em><\/strong><\/p>\n<p>Intraday forecast: minimum: 1.1236, maximum: 1.1316, close: 1.1296.<\/p>\n<p style=\"text-align: center;\"><img decoding=\"async\" src=\"http:\/\/www.alpari.ru\/data\/media\/trunk\/images\/Analytics\/2016\/06\/eur_220616.png\" alt=\"\" \/><\/p>\n<p align=\"center\">Euro\/dollar rate on the hourly. Source: TradingView<\/p>\n<p>It&#8221;s not the first time I say that the euro\/dollar&#8221;s inversion zone is between the 112 and 135 degrees. A definitive triangle has formed at the 112<sup>th<\/sup> Gann degree. The depart from it was upwards. The price has restored to 1.1265.<\/p>\n<p>Since the economic calendar is empty, trades in Europe should see a strengthening of the euro against the dollar to the 45<sup>th<\/sup> degree at 1.1289. If the restoral goes to plan, I expect to see a return of the price to the trend line at 1.1316 by the close of the European session. This level is boosted by the 67<sup>th<\/sup> degree and the balance line will also be there by this evening. Growth to cancel with a close of the hourly candle below 1.1236.<\/p>\n<p><em>Earn from currency market fluctuations by investing in a <\/em><a href=\"http:\/\/www.alpari.com\/en\/investor\/investment_funds\/#forex\"><em>Forex Investment Portfolio<\/em><\/a><em>.<\/em><\/p>\n<p>Article submitted by <a href=\"http:\/\/alpari.com\/en\/\">Alpari.com<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Vladislav Antonov, Alpari Previous: On Tuesday the euro closed down. After a break in the support at 1.1330, the rate fell to 1.1302. From here a rebound was expected. Before the ECB&#8221;s Draghi spoke, the sellers chased the buyers back to 1.1285. A close of the hourly candle below 1.13 cancelled out any growth [&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-91759","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/91759","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=91759"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/91759\/revisions"}],"predecessor-version":[{"id":91777,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/91759\/revisions\/91777"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=91759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=91759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=91759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}