{"id":93197,"date":"2016-07-20T04:05:34","date_gmt":"2016-07-20T08:05:34","guid":{"rendered":"http:\/\/countingpips.com\/?p=93197"},"modified":"2016-07-20T04:05:34","modified_gmt":"2016-07-20T08:05:34","slug":"eurusd-bearish-below-1-1000","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/07\/eurusd-bearish-below-1-1000\/","title":{"rendered":"EUR\/USD Bearish below 1.1000"},"content":{"rendered":"<div id=\"inves-3548975105\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">July 20, 2016<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><b>By Admiral Markets<\/b><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/fxmedia.s3.amazonaws.com\/articles\/2016-07-20_9-12-52.jpg\"><\/p>\n<p>This week&#8217;s focus is on <a href=\"http:\/\/www.admiralmarkets.com\/analytics\/forex-calendar\" target=\"_blank\">ECB rate decision and conference<\/a> tomorrow. I don&#8217;t expect any changes in rate decision and ECB should come with a more accommodative stance. ECB should be focused on Italian banks as some of the banks have a bad loans ratio of nearly 40 % on their loan books. However, the Italian Govt is not supportive of bailouts. As a result Italian stock market has been hammered the last 12 months. Will there be a special deal? We will see tomorrow. Additionally, ECB might give us a cue about their post Brexit stimulus measures. Any dovish statement will tank the pair further to the downside.Adding to a weaker EUR is USD positive data.<\/p>\n<p>Technically the EUR\/USD spiked from 1.1045 zone towards 1.1080 resistance yesterday but failure to proceed further turned bears in control. It looks like a sell on rallies. The pair has broken through the bottom of the running bearish pennant and it needs to close below 1.0990 to proceed further towards 1.0950 and 1.0930. A break below 1.0930 will target 1.0880. Pullback towards 1.1100-1.1090 POC ( EMA89, 61.8, H4) could be used for shorts.<\/p>\n<p>Additionally retests of 1.1030 could be good for short term sell setups.<\/p>\n<p>Follow <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/TarantulaFX\" target=\"_blank\">@TarantulaFX<\/a> on twitter for latest market updates<\/p>\n<p><\/p>\n<p><b>Article by Admiral Markets<\/b><\/p><div id=\"inves-1714524218\" 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>Source: <a href=\"http:\/\/www.admiralmarkets.com\/analytics\/technical-analysis\/eur-usd-bearish-below-1-1000\" target=\"_blank\">EUR\/USD Bearish below 1.1000<\/a><\/p>\n<hr style=\"border: 1px dotted #eee;\"><a href=\"http:\/\/www.admiralmarkets.com\/\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/countingpips.com\/articles-analysis\/wp-content\/uploads\/2016\/03\/AdmiralMarkets-sig-1.png\" align=\"left\" height=\"87\" width=\"141\"><\/a><\/p>\n<p style=\"text-align: justify;\">Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Admiral Markets This week&#8217;s focus is on ECB rate decision and conference tomorrow. I don&#8217;t expect any changes in rate decision and ECB should come with a more accommodative stance. ECB should be focused on Italian banks as some of the banks have a bad loans ratio of nearly 40 % on their loan [&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-93197","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/93197","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=93197"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/93197\/revisions"}],"predecessor-version":[{"id":93198,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/93197\/revisions\/93198"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=93197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=93197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=93197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}