{"id":15917,"date":"2010-11-26T22:53:40","date_gmt":"2010-11-27T03:53:40","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=15917"},"modified":"2010-11-26T22:53:40","modified_gmt":"2010-11-27T03:53:40","slug":"eurusd-broke-below-price-channel","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/11\/26\/eurusd-broke-below-price-channel\/","title":{"rendered":"EURUSD broke below price channel"},"content":{"rendered":"<p>EURUSD broke below the rising price channel on daily chart, signaling a change in trend. Bearish movement is expected to continue next week and next target would be at 1.3000 area. Resistance is at the downtrend line from 1.4281 to 1.3785, only a clear break above the trend line resistance could indicate that consolidation of downtrend is underway.<\/p>\n<p>For long term analysis, EURUSD has formed a cycle top at 1.4281 level on weekly chart. Deeper decline towards 1.1876 previous low is expected in next several weeks.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.forexcycle.com\/archive2010\/20101127_eurusd_1.gif\" alt=\"eurusd\" width=\"400\" height=\"300\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.forexcycle.com\/archive2010\/20101127_eurusd_2.gif\" alt=\"eurusd\" width=\"400\" height=\"300\" \/><\/p>\n<p><a href=\"http:\/\/www.forexcycle.com\/\" target=\"_blank\">Weekly Forex Forecast<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>EURUSD broke below the rising price channel on daily chart, signaling a change in trend. Bearish movement is expected to continue next week and next target would be at 1.3000 area. Resistance is at the downtrend line from 1.4281 to 1.3785, only a clear break above the trend line resistance could indicate that consolidation of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/11\/26\/eurusd-broke-below-price-channel\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EURUSD broke below price channel&#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-15917","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/15917","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=15917"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/15917\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=15917"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=15917"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=15917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}