{"id":19587,"date":"2011-02-18T12:07:16","date_gmt":"2011-02-18T17:07:16","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=19587"},"modified":"2011-02-18T12:07:16","modified_gmt":"2011-02-18T17:07:16","slug":"forex-eurusd-on-rise-today-pushes-through-20-day-moving-average","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/02\/18\/forex-eurusd-on-rise-today-pushes-through-20-day-moving-average\/","title":{"rendered":"FOREX: EUR\/USD on rise today, pushes through 20-day moving average"},"content":{"rendered":"<p><strong>By CountingPips.com<\/strong><\/p>\n<p>Euro strength today is capping off a rebound week against the US dollar with the EUR\/USD pair reaching 1.3650 in Friday&#8217;s forex trading. The pair is demonstrating renewed bullishness this week after a retreat from the 1.3861 February 1st high to a February 14th low of 1.3428. Today&#8217;s action has seen the pair ascend with a break through the 20-day moving average (in red).<\/p>\n<p>Further follow-through is likely to encounter resistance around the 23.6 Fibonacci retracement (from 1.1876 to 1.4281) near the 1.3715 exchange rate and with the February 1st high at 1.3861 looming on a break above.<\/p>\n<p>Below we have potential support and pivot studies hanging around the 1.3575 area. Further below we have the 1.3500 support level, a monthly low point at 1.3426 and the 38.2 Fibonacci retracement level sitting at 1.3365.<\/p>\n<p><a href=\"http:\/\/countingpips.com\/fx\/wp-content\/uploads\/2011\/02\/eurusd-feb18-2011.gif\"><br \/>\n<\/a><a href=\"http:\/\/countingpips.com\/fx\/wp-content\/uploads\/2011\/02\/eurusd-feb18-20111.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-19602\" title=\"eurusd-feb18-2011\" src=\"http:\/\/countingpips.com\/fx\/wp-content\/uploads\/2011\/02\/eurusd-feb18-20111.gif\" alt=\"\" width=\"590\" height=\"600\" \/><\/a><\/p>\n<p><a href=\"http:\/\/countingpips.com\/fx\/wp-content\/uploads\/2011\/02\/eurusd-feb18-2011a.gif\"><br \/>\n<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Euro strength today is capping off a rebound week against the US dollar with the EUR\/USD pair reaching 1.3650 in Friday&#8217;s trading. The pair is demonstrating renewed bullishness this week after a retreat from the 1.3861 February 1st high to a February 14th low of 1.3428&#8230;<\/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-19587","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/19587","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=19587"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/19587\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=19587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=19587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=19587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}