{"id":94515,"date":"2016-08-19T06:31:26","date_gmt":"2016-08-19T10:31:26","guid":{"rendered":"http:\/\/countingpips.com\/?p=94515"},"modified":"2016-08-19T06:31:26","modified_gmt":"2016-08-19T10:31:26","slug":"eurusd-euro-remains-in-an-uptrend-vs-us-dollar","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/08\/eurusd-euro-remains-in-an-uptrend-vs-us-dollar\/","title":{"rendered":"EURUSD \u2013 Euro Remains In an Uptrend Vs US Dollar"},"content":{"rendered":"<div id=\"inves-3644379724\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">August 19, 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 was seen trading with a lot of positive bias against the US Dollar recently.<\/li>\n<li>There is a major bullish trend line formed on the hourly chart of the EURUSD pair, which may act as a support if the pair moves down.<\/li>\n<li>The German Producer Price Index was released by the Statistisches Bundesamt Deutschland.<\/li>\n<li>The outcome was positive, as there was a rise of 0.2% in July 2016, more than the forecast of 0.1%.<\/li>\n<\/ul>\n<p><strong>EURUSD Technical Analysis<\/strong><\/p>\n<p>The Euro was seen surging across the board, including against the US Dollar. There was a move above the 1.1300 level, which is a positive sign. A major bullish trend line formed on the hourly chart of the EURUSD pair, which can be seen as a buy zone if the pair corrects lower.<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.fxtimes.com\/wp-content\/uploads\/2016\/08\/EURUSDH1-3.png\" \/><\/p>\n<p>Moreover, on the downside, the 21 hourly simple moving average along with 50% Fib retracement level of the last wave from the 1.1238 low to 1.1366 high may also act as a support.<\/p>\n<p>On the upside, if the EURUSD climbs further, then 1.1400 level may be tested.<\/p>\n<p><em>\u2013 Guest Post Submitted By <a href=\"https:\/\/twitter.com\/AayushJs\" target=\"_blank\">Aayush Jindal<\/a> from the <\/em><a href=\"https:\/\/www.fxtimes.com\"><em>FXTimes<\/em><\/a><em> Team<\/em><\/p><div id=\"inves-3617223204\" 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 was seen trading with a lot of positive bias against the US Dollar recently. There is a major bullish trend line formed on the hourly chart of the EURUSD pair, which may act as a support if the pair moves down. The German Producer Price Index was released by the Statistisches [&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-94515","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/94515","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=94515"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/94515\/revisions"}],"predecessor-version":[{"id":94521,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/94515\/revisions\/94521"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=94515"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=94515"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=94515"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}