{"id":99940,"date":"2016-12-23T05:59:37","date_gmt":"2016-12-23T10:59:37","guid":{"rendered":"http:\/\/countingpips.com\/?p=99940"},"modified":"2016-12-23T05:59:37","modified_gmt":"2016-12-23T10:59:37","slug":"eurusd-readying-for-a-fall","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/12\/eurusd-readying-for-a-fall\/","title":{"rendered":"EUR\/USD readying for a fall"},"content":{"rendered":"
December 23, 2016<\/div>
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By\u00a0Gabriel Ojimadu, Alpari<\/strong><\/p>\n

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

On Thursday the euro\/dollar closed slightly up. Taking into account that many currencies were down against the USD, the euro helped strengthen the euro\/pound and the euro\/yen. The euro couldn\u2019t be budged on the American stats. Some believe that the strengthening against the pound was caused by the Bundesbank which has been buying euros for pounds at the end of the month.<\/p>\n

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

The daily candle closed with an upward shade of 64 points. It is 5.3 times bigger than the body. A spike has formed on the hourly and an inverted hammer has formed on the daily. The candle is inverted, so I expect the euro to drop from 1.0452 to 1.0413. As the holidays approach there will be low liquidity and so we need to bear in mind that there will be big movements on either side for no reason whatsoever.<\/p>\n

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