{"id":10283,"date":"2010-06-16T08:32:45","date_gmt":"2010-06-16T12:32:45","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=10283"},"modified":"2010-06-16T08:32:45","modified_gmt":"2010-06-16T12:32:45","slug":"eurusd-tests-1-2350-resistance-level","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/06\/16\/eurusd-tests-1-2350-resistance-level\/","title":{"rendered":"EUR\/USD Tests 1.2350 Resistance Level"},"content":{"rendered":"<p><strong>By Yan Petters<\/strong> &#8211; After 2 months ion which the Dollar rose consistently against the  Euro, the trend is making signs of halt. For the past week the Euro has  been recovering, mainly due to speculations that the Euro-Zone will  manage to recover from its debt crisis. It currently seems that until  further negative data will prove otherwise, the Euro has potential to  rise further vs. the major currencies.<\/p>\n<p>Here are today\u2019s leading news events:<\/p>\n<p>\u2022\t08:30 GMT, British Claymont Count Change \u2013 This is the first  release of British unemployment data in the month. Due to the earliness  of this publication, it tends to have a large impact on the market. If  the end will be negative it could weaken the Pound.<\/p>\n<p>Further bullishness in the pair would make the next price target at  the resistance line that rests at 1.5040.<\/p>\n<p>\u2022\t12:30 GMT, U.S. Producer Price Index (PPI) \u2013 The PPI is a leading  indicator of consumer inflation. A positive result will show that the  economy is recovering and will likely to have a positive affect in the  Dollar, and vice versa.<\/p>\n<p>The pair is currently testing the 1.2350 resistance level A breach of  this significant resistance level could propel the pair higher to the  next resistance line which rests at 1.2520.<\/p>\n<p>\u2022\t14:30 GMT, U.S. Crude Oil Inventories \u2013 This indicator measures the  change in the number of barrels of crude oil held in inventory during  the past week. The result of this report doesn\u2019t have a consistent  affect, yet it usually leads to high volatility in the market.<\/p>\n<p><strong><em>Forex Market Analysis<\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex           Yard.<\/a><\/strong><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and           may not be suitable for all investors. There is a possibility     that     you   could sustain a loss of all of your investment and     therefore  you     should  not invest money that you cannot afford to     lose. You  should  be    aware of  all the risks associated with  Foreign    Exchange  trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Yan Petters &#8211; After 2 months ion which the Dollar rose consistently against the Euro, the trend is making signs of halt. For the past week the Euro has been recovering, mainly due to speculations that the Euro-Zone will manage to recover from its debt crisis. It currently seems that until further negative data &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/06\/16\/eurusd-tests-1-2350-resistance-level\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EUR\/USD Tests 1.2350 Resistance Level&#8221;<\/span><\/a><\/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-10283","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=10283"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/10283\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=10283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=10283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=10283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}