{"id":99869,"date":"2016-12-21T06:59:19","date_gmt":"2016-12-21T11:59:19","guid":{"rendered":"http:\/\/countingpips.com\/?p=99869"},"modified":"2016-12-21T06:59:19","modified_gmt":"2016-12-21T11:59:19","slug":"eurusd-bears-need-a-close-below-1-0470","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/12\/eurusd-bears-need-a-close-below-1-0470\/","title":{"rendered":"EUR\/USD Bears Need a Close Below 1.0470"},"content":{"rendered":"
December 21, 2016<\/div>
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By Admiral Markets<\/b><\/p>\n

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The EUR\/USD spiked from the zone I showed on Session Recap<\/a> providing pips to traders who traded longs in a form of counter trend trading. Generally speaking the trend is still bearish and to me it is clear that a weekly close below 1.0470 is needed for further downside. Technically we see 2 most prominent trend lines on H4 chart that mark the downtrend. POC zone is spotted around 1.0410-20 on 4h charts. Weekly close below 1.0470 (weekly camarilla pivot) should open the door for 1.0300 and 1.0280. Weekly pivot is making an X cross \u2122 with a trend line so it just adds to its strength. 4h close below 1.0280 would expose 1.0200.<\/p>\n

Follow @TarantulaFX<\/a> on twitter for latest market updates<\/p>\n

Article by Admiral Markets<\/b><\/p>\n

Source: EUR\/USD Bears Need a Close Below 1.0470<\/a><\/p>\n

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Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Admiral Markets The EUR\/USD spiked from the zone I showed on Session Recap providing pips to traders who traded longs in a form of counter trend trading. Generally speaking the trend is still bearish and to me it is clear that a weekly close below 1.0470 is needed for further downside. Technically we see […]<\/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-99869","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/99869","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=99869"}],"version-history":[{"count":1,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/99869\/revisions"}],"predecessor-version":[{"id":99870,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/99869\/revisions\/99870"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=99869"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=99869"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=99869"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}