{"id":96335,"date":"2016-10-04T07:07:45","date_gmt":"2016-10-04T11:07:45","guid":{"rendered":"http:\/\/countingpips.com\/?p=96335"},"modified":"2016-10-04T07:07:45","modified_gmt":"2016-10-04T11:07:45","slug":"eurusd-rebound-expected-from-45-degrees","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/10\/eurusd-rebound-expected-from-45-degrees\/","title":{"rendered":"EUR\/USD: rebound expected from 45 degrees"},"content":{"rendered":"
October 4, 2016<\/div>
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By\u00a0<\/b>Gabriel Ojimadu<\/strong>, Alpari<\/b><\/p>\n

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

On Monday the euro\/dollar closed down. Due to a general strengthening of the USD, the EUR fell to 1.1205. The euro is following the pound in its fall and the GBP lost out after UK PM, Theresa May, spoke yesterday.<\/p>\n

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

In Asia the euro fell to 1.1197. The euro fell under pressure after an RBA meeting in the EUR\/AUD and EUR\/NZD crosses. The Aussie central bank kept its base rate at 1.5%. I think that the situation is now stabilising and, after a correction, it will start to work off Friday\u2019s pinbar. For today I have two targets: 1.1217 (LB) and 1.1214 (yesterday\u2019s maximums\u2019 zone).<\/p>\n

Day\u2019s News (GMT+3):<\/em><\/strong><\/p>

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