{"id":18501,"date":"2011-01-22T02:35:07","date_gmt":"2011-01-22T07:35:07","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=18501"},"modified":"2011-01-22T02:35:07","modified_gmt":"2011-01-22T07:35:07","slug":"easy-100-pips-in-the-euro-against-the-us-dollar","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/01\/22\/easy-100-pips-in-the-euro-against-the-us-dollar\/","title":{"rendered":"Easy 100 Pips In The Euro Against The US Dollar!"},"content":{"rendered":"<p><a href=\"http:\/\/static.seekingalpha.com\/uploads\/2011\/1\/22\/650046-129568145848667-lytman02_origin.jpg\"><img decoding=\"async\" src=\"http:\/\/static.seekingalpha.com\/uploads\/2011\/1\/22\/650046-129568145848667-lytman02.jpg\" alt=\"\" hspace=\"6\" vspace=\"6\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">Good day forexers! In my technical analysis, there could be a symmetrical triangle forming in the 1-hour chart of the <a href=\"http:\/\/www.laidtrades.com\/category\/forex\/eurusd\/\" target=\"_blank\">Euro<\/a> versus the <a href=\"http:\/\/www.laidtrades.com\/category\/forex\/us-dollar-index\/\" target=\"_blank\">US dollar<\/a> currency pair (EUR\/USD). <a href=\"http:\/\/www.laidtrades.com\/chart-patterns\/symmetrical-triangle\/\" target=\"_blank\">Symmetrical triangles<\/a> are often neutral so the breakout bias would most likely be from where  the trend is coming from. In our case right here, the triangle&rsquo;s coming  from an <a href=\"http:\/\/www.laidtrades.com\/chart-patterns\/uptrend\" target=\"_blank\">uptrend<\/a>. This could be a fast move and very suitable for intra-day traders especially those who only trade the EUR\/USD pair!<\/p>\n<p style=\"text-align: justify;\">If this <a href=\"http:\/\/www.laidtrades.com\/category\/forex\/\" target=\"_blank\">forex<\/a> pair breaks above the resistance of the symmetrical triangle pattern,  it could reach my target of 1.3650. I got this by gauging the size of  the base of the triangle added to the possible breakout point. Even  though a breakdown is less likely to happen, there are chances for the  EUR\/USD to drop from the symmetrical triangle. If it does fall below the  9-day uptrend and eventually from the triangle pattern, my target price  would be the next support at 1.3244. So either ways the EUR\/USD breaks  to, an easy 100 pips that is! The worse case is if it goes sideways&hellip;<\/p>\n<p>More on <a href=\"http:\/\/www.laidtrades.com\/\">LaidTrades.com<\/a> &#8230;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good day forexers! In my technical analysis, there could be a symmetrical triangle forming in the 1-hour chart of the Euro versus the US dollar currency pair (EUR\/USD). Symmetrical triangles are often neutral so the breakout bias would most likely be from where the trend is coming from. In our case right here, the triangle&rsquo;s &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2011\/01\/22\/easy-100-pips-in-the-euro-against-the-us-dollar\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Easy 100 Pips In The Euro Against The US Dollar!&#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-18501","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/18501","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=18501"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/18501\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=18501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=18501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=18501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}