{"id":21267,"date":"2011-05-22T20:06:09","date_gmt":"2011-05-23T00:06:09","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=21267"},"modified":"2011-05-22T20:06:09","modified_gmt":"2011-05-23T00:06:09","slug":"eurusd-bears-eclipse-weekly-upside-gains-on-friday","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/05\/22\/eurusd-bears-eclipse-weekly-upside-gains-on-friday\/","title":{"rendered":"EUR\/USD Bears Eclipse Weekly Upside Gains On Friday"},"content":{"rendered":"<p><strong>EUR\/USD &#8211; Weekly Analysis 22\/5\/11<\/strong><\/p>\n<p>Last week the EUR\/USD bulls pushed price higher until a decisive 214 pip drop came on Friday and eclipsed most of the week\u2019s gains.<\/p>\n<p>Fridays drop has formed a BEB (bearish engulfing bar) which would typically have my attention, with a view to trading short, but the proximity with the highlighted swing low does not give any trade enough space to run before support is encountered.<\/p>\n<p>There is a reasonable posibility of price moving below this BEB, in this instance, and subsequently breaking through the swing low but selling into range lows is not a favoured long term strategy.<\/p>\n<p>Any bounce off the 1.4000 area back up to 1.4500 would potentially be seen by\u00a0the investing masses as a\u00a0preferred short zone for Euro bears with more room to run before support was hit.<\/p>\n<p>&nbsp;<\/p>\n<p>Follow the post author and see further <a href=\"http:\/\/www.forex-fx-4x.com\">Forex chart analysis<\/a><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.forex-fx-4x.com\/1\/wp-content\/uploads\/2011\/05\/eurusddailychart22ndmay.gif\" alt=\"\" width=\"803\" height=\"400\" \/><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fridays drop has formed a BEB (bearish engulfing bar) which would typically have my attention, with a view to trading short, but the proximity with the highlighted swing low does not give any trade enough space to run before support is encountered.  <\/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-21267","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/21267","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=21267"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/21267\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=21267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=21267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=21267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}