{"id":94188,"date":"2016-08-11T07:35:33","date_gmt":"2016-08-11T11:35:33","guid":{"rendered":"http:\/\/countingpips.com\/?p=94188"},"modified":"2016-08-11T07:35:33","modified_gmt":"2016-08-11T11:35:33","slug":"euraud-euro-looks-set-for-more-declines","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/08\/euraud-euro-looks-set-for-more-declines\/","title":{"rendered":"EURAUD \u2013 Euro Looks Set For More Declines"},"content":{"rendered":"<div id=\"inves-1801873986\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">August 11, 2016<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>Key Points<\/strong><\/p>\n<ul>\n<li>The Euro moved down against the Aussie dollar and may continue to decline in the short term.<\/li>\n<li>There is a crucial bearish trend line formed on the hourly chart of the EURAUD pair, which is acting as a hurdle for buyers on the upside.<\/li>\n<li>Earlier today, Italian EU Norm Inflation report was released by the Istat.<\/li>\n<li>There was a decline in the Italian CPI by 0.2% in July 2016, which was more than the forecast of -0.1%.<\/li>\n<\/ul>\n<p><strong>Technical Analysis<\/strong><\/p>\n<p>The Euro was under pressure during the past few hours against the Aussie dollar and traded below the 21 hourly simple moving average. There is a crucial bearish trend line formed on the hourly chart of the EURAUD pair, acted as a barrier and stalled gains.<\/p>\n<p><a href=\"https:\/\/postimg.org\/image\/bobbiwuwr\/\" target=\"_blank\"><img decoding=\"async\" src=\"https:\/\/s9.postimg.org\/bobbiwuwr\/EURAUDH1.png\" alt=\"postimage\" border=\"0\" \/><\/a><\/p>\n<p>Currently, the pair is attempting a close below the 61.8% Fib retracement level of the last leg from the 1.4410 low to 1.4525 high.<\/p>\n<p>A break and close below it could push the pair further down may be towards the recent low of 1.4410.<\/p>\n<p>&nbsp;<\/p>\n<p><em>\u2013 Guest Post Submitted By <a href=\"https:\/\/twitter.com\/AayushJs\">Aayush Jindal<\/a> from the <\/em><a href=\"https:\/\/www.fxtimes.com\"><em>FXTimes<\/em><\/a><em> Team<\/em><\/p><div id=\"inves-1653951960\" 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>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Points The Euro moved down against the Aussie dollar and may continue to decline in the short term. There is a crucial bearish trend line formed on the hourly chart of the EURAUD pair, which is acting as a hurdle for buyers on the upside. Earlier today, Italian EU Norm Inflation report was released [&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-94188","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/94188","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=94188"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/94188\/revisions"}],"predecessor-version":[{"id":94199,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/94188\/revisions\/94199"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=94188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=94188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=94188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}