{"id":94174,"date":"2016-08-11T07:33:08","date_gmt":"2016-08-11T11:33:08","guid":{"rendered":"http:\/\/countingpips.com\/?p=94174"},"modified":"2016-08-11T07:33:08","modified_gmt":"2016-08-11T11:33:08","slug":"correction-for-euro","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/08\/correction-for-euro\/","title":{"rendered":"Correction for euro"},"content":{"rendered":"
August 11, 2016<\/div>
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By Gabriel Ojimadu, Alpari<\/b><\/p>\n

Previous:<\/em><\/strong><\/p>\n

The euro\/dollar on Wednesday reached 1.1190 thanks to purchases of the euro for the British pound after a failed BoE auction. The central bank didn”t manage to acquire enough long-term state bonds as part of its program.<\/p>\n

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

Today I wanted to consider a rise for the euro to 1.1220, but the weak nature of the pound and commodity currencies forced me to go for a fall to 1.1137. The upward movement from 1.1046 to 1.1190 wasn”t complete. Keep an eye on whether the buyers will be able to pass the 1.1155 support or not. The euro\/pound cross is on the side of the buyers, so to sell euro against the dollar is a bit risky. The economic calendar in Europe is empty.<\/p>\n

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

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