{"id":24375,"date":"2011-10-09T23:40:41","date_gmt":"2011-10-10T03:40:41","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=24375"},"modified":"2011-10-09T23:40:41","modified_gmt":"2011-10-10T03:40:41","slug":"eurusd-pulled-back-from-downtrend-line","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/10\/09\/eurusd-pulled-back-from-downtrend-line\/","title":{"rendered":"EURUSD pulled back from downtrend line"},"content":{"rendered":"<p>Being contained by the resistance of the downtrend line on 4-hour chart, EURUSD pulled back from 1.3524, suggesting that a cycle top is being formed. Now the fall from 1.3524 would possibly be resumption of downtrend from 1.4548, deeper decline towards 1.3146 is expected later today. On the upside, a clear break above the trend line will indicate that lengthier consolidation of downtrend is underway, then further rally could be seen to 1.3700 zone.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/blog.forexcycle.com\/wp-content\/uploads\/2011\/10\/20111010_eurusd_1.gif\" alt=\"eurusd\" width=\"400\" height=\"300\" \/><\/p>\n<p><a href=\"http:\/\/www.forexcycle.com\/\" target=\"_blank\">Daily Forex Forecast<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Being contained by the resistance of the downtrend line on 4-hour chart, EURUSD pulled back from 1.3524, suggesting that a cycle top is being formed. Now the fall from 1.3524 would possibly be resumption of downtrend from 1.4548, deeper decline towards 1.3146 is expected later today. On the upside, a clear break above the trend &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2011\/10\/09\/eurusd-pulled-back-from-downtrend-line\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EURUSD pulled back from downtrend line&#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-24375","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/24375","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=24375"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/24375\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=24375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=24375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=24375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}