{"id":16135,"date":"2010-12-01T14:46:55","date_gmt":"2010-12-01T19:46:55","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=16135"},"modified":"2010-12-01T14:46:55","modified_gmt":"2010-12-01T19:46:55","slug":"forex-euro-rebounds-vs-dollar-eurusd-trades-over-1-3100","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/12\/01\/forex-euro-rebounds-vs-dollar-eurusd-trades-over-1-3100\/","title":{"rendered":"Forex – Euro rebounds vs Dollar. EUR\/USD trades over 1.3100"},"content":{"rendered":"

The European common currency today has rebounded after a sharp decline to begin the week in the forex markets. The euro decreased to start the week despite the European commission’s announcement of a rescue package for Ireland as investors are unconvinced that the Eurozone’s debt problems are sufficiently contained.<\/p>\n

The EUR\/USD pair fell more than 200 pips on Monday and Tuesday and touched its lowest exchange rate since the middle of September below 1.3000. The decline also brought a pair below the 200-day moving average for the first time since September and into oversold territory on the relative strength index indicator (RSI).<\/p>\n

Today, the euro has advanced by over 100 pips against the US dollar and has shot back up over the 1.3100 exchange rate. The pair trades a hair over the 200-day moving average (red line) and it will be notable to see whether the pair can stay over this significant technical hurdle.<\/p>\n

\"euro,<\/a><\/p>\n

About the Author<\/em><\/strong><\/p>\n

FxNewsEurope.com \u2013 Euro Forex News<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

The European common currency today has rebounded after a sharp decline to begin the week in the forex markets. The euro decreased to start the week despite the European commission’s announcement of a rescue package for Ireland as investors are unconvinced that the Eurozone’s debt problems are sufficiently contained. The EUR\/USD pair fell more than … <\/p>\n

Continue reading “Forex – Euro rebounds vs Dollar. EUR\/USD trades over 1.3100”<\/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-16135","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/16135","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=16135"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/16135\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=16135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=16135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=16135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}