{"id":97598,"date":"2016-11-01T07:26:47","date_gmt":"2016-11-01T11:26:47","guid":{"rendered":"http:\/\/countingpips.com\/?p=97598"},"modified":"2016-11-01T07:26:48","modified_gmt":"2016-11-01T11:26:48","slug":"expected-fall-for-eurusd-2","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/11\/expected-fall-for-eurusd-2\/","title":{"rendered":"Expected fall for EUR\/USD"},"content":{"rendered":"<div id=\"inves-1071366538\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">November 1, 2016<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By\u00a0Gabriel Ojimadu,\u00a0Alpari<\/strong><\/p>\n<p><strong><em>Previous:<\/em><\/strong><\/p>\n<p>The euro\/dollar closed slightly down on Monday. After a fall to 1.0936 the price rose to 1.0982. The pair bounced from its minimum following the GBP upwards on news the BoE\u2019s Mark Carney will remain governor until the end of June 2019. On Thursday he will hold the latest BoE meeting regarding interest rates for the UK. After this we will see the minutes from the meeting and an inflation report.<\/p>\n<p><strong><em>Market expectations:<\/em><\/strong><\/p>\n<p>The euro is going for 1.0967 dollars in Asia. Since the euro\/pound is locked in with euro sellers, any strengthening of the euro against the dollar will be restricted. I reckon that a growth in the quotes will start from 1.0947.<\/p>\n<p>Keep an eye on the euro\/pound cross. Today will see a UK report on business activity. If it comes out weak then the euro\/pound cross\u2019 movements will switch from downwards to upwards. In this case the price is unlikely to reach the calculated minimum. If the indicator comes out strong then we can stick to my scenario. The euro will drop to 1.0947 and then will shoot up after the pound.<\/p><div id=\"inves-69003629\" 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><strong><em>Day\u2019s News (GMT+3):<\/em><\/strong><\/p>\n<ul class=\"list list_type_disc\">\n<li>11:15, Swiss September retail sales;<\/li>\n<li>11:30, Swiss October PMI for the manufacturing sector;<\/li>\n<li>12:30, UK October business activity in the manufacturing sector;<\/li>\n<li>15:30, Canadian August GDP;<\/li>\n<li>16:30, Canadian industrial activity in October from the Royal Bank of Canada;<\/li>\n<li>16:45, US definitive industrial activity data for October;<\/li>\n<li>17:00, US manufacturing activity in October from the ISM, September construction expenditure, November consumer economic optimism index from IBD\/TIPP for November, October PMI from the ISM;<\/li>\n<li>19:00, BoC\u2019s governor to speak.<\/li>\n<\/ul>\n<p><strong><em>Technical Analysis:<\/em><\/strong><\/p>\n<p>Intraday forecast: minimum: 1.0947, maximum: 1.0977, close: 1.0965.<\/p>\n<p><img decoding=\"async\" src=\"http:\/\/www.alpari.ru\/data\/media\/trunk\/images\/278_581838527951c.PNG\" alt=\"\" \/><\/p>\n<p align=\"center\">Euro\/dollar rate on the hourly. Source: TradingView<\/p>\n<p>On Monday the price didn\u2019t make it to the target by just three points. As I expected, the pair slid from the balance line. The fall was down to Carney deciding to stay in the UK until June 2019. The pair\u2019s growth was limited to 1.0981 due to the fall in the euro\/pound.<\/p>\n<p>The euro is going for 1.0966 dollars. The oscillator stochastic is forming a euro buy signal. In principle, the euro could rise from its current level, but it would be better to do so from 1.0947\/50. Since the US Fed will issue its interest rate decision on Wednesday, I don\u2019t expect to see the price leave the 1.0936-1.0992 range today.<\/p>\n<div class=\"s_invisible_yes\"><strong>Source: Alpari<\/strong> &#8220;<a href=\"http:\/\/alpari.com\/en\/analytics\/reviews\/market_sessions\/16578_01112016\/\">Expected fall for EUR\/USD<\/a>&#8220;<\/div>\n<div class=\"s_invisible_yes\"><\/div>\n<div class=\"s_invisible_yes\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By\u00a0Gabriel Ojimadu,\u00a0Alpari Previous: The euro\/dollar closed slightly down on Monday. After a fall to 1.0936 the price rose to 1.0982. The pair bounced from its minimum following the GBP upwards on news the BoE\u2019s Mark Carney will remain governor until the end of June 2019. On Thursday he will hold the latest BoE meeting regarding [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-97598","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/97598","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=97598"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/97598\/revisions"}],"predecessor-version":[{"id":97599,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/97598\/revisions\/97599"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=97598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=97598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=97598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}