{"id":19450,"date":"2011-02-15T07:45:38","date_gmt":"2011-02-15T12:45:38","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=19450"},"modified":"2011-02-15T07:45:38","modified_gmt":"2011-02-15T12:45:38","slug":"eurgbp-set-for-bullish-correction","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/02\/15\/eurgbp-set-for-bullish-correction\/","title":{"rendered":"EUR\/GBP Set for Bullish Correction"},"content":{"rendered":"<p><strong>By Dan Eduard<\/strong><\/p>\n<p>After falling well over 100 pips since late last week, the <a href=\"http:\/\/www.forexyard.com\/en\/trading\/eur-gbp\">EUR\/GBP<\/a> pair seems poised for a bullish reversal in the near future.  Long term <a href=\"http:\/\/www.forexyard.com\/en\/technical-indicators\">technical indicators <\/a>are  showing a potentially significant upward correction, giving forex  traders a great opportunity to open up long positions before the upward  breach occurs.<\/p>\n<p>We will be looking at the 8-hour EUR\/GBP chart provided by <a href=\"http:\/\/www.forexyard.com\/\">ForexYard<\/a>.  The technical indicators being examined are the Stochastic Slow, Williams Percent Range and MACD.<\/p>\n<p>1. The <a href=\"http:\/\/www.forexyard.com\/en\/stochastic\">Stochastic Slow <\/a>has formed a bullish cross, which is typically a sign that upward movement is likely to occur in the near future.<\/p>\n<p>2. The Williams Percent Range is currently right around the -90  level.  Typically when the indicator drops below -80, it is a sign that  the currency pair is in oversold territory and may be due for upward  movement.<\/p>\n<p>3. Finally, the <a href=\"http:\/\/www.forexyard.com\/en\/moving-average-convergence-divergence-macd\">MACD <\/a>has  formed a bullish cross, lending further evidence to our original theory  that the pair is likely to move up in the near future.<\/p>\n<p><img decoding=\"async\" title=\"tech 15.2\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2011\/02\/tech-15.21.bmp\" alt=\"tech 15.2\" \/><\/p>\n<p><em><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex Market Analysis provided by ForexYard. <\/a><\/strong><\/em><em><strong><a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><br \/>\n<\/a><\/strong><\/em><\/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>After falling well over 100 pips since late last week, the EUR\/GBP pair seems poised for a bullish reversal in the near future. Long term technical indicators are showing a potentially significant upward correction, giving forex traders a great opportunity to open up long positions before the upward breach occurs.<\/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-19450","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/19450","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=19450"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/19450\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=19450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=19450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=19450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}