{"id":26642,"date":"2012-01-17T05:30:58","date_gmt":"2012-01-17T10:30:58","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=26642"},"modified":"2012-01-17T05:30:58","modified_gmt":"2012-01-17T10:30:58","slug":"eurusd-heading-towards-20-day-sma-markets-higher-on-china-gdp","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/01\/17\/eurusd-heading-towards-20-day-sma-markets-higher-on-china-gdp\/","title":{"rendered":"EUR\/USD heading Towards 20 Day SMA \u2013 Markets Higher On China GDP"},"content":{"rendered":"<p>Read the full story:\u00a0<a href=\"http:\/\/www.forex-fx-4x.com\/eurusd-approaching-200-day-sma-risk-sentiment-improves-on-chinese-gdp-data\/\">EUR\/USD heading Towards 20 Day SMA \u2013 Markets Higher On China GDP<\/a><\/p>\n<p><a style=\"color: #090966; outline-style: none; outline-width: initial; outline-color: initial; text-decoration: underline; font-style: normal; font-weight: normal;\" title=\"EUR\/USD\" href=\"http:\/\/www.forex-fx-4x.com\/category\/forex-weekly-analysis\/eurusd-weekly-analysis\/\" target=\"_blank\">EUR\/USD<\/a>\u00a0has moved strongly higher over the Asia trading session and the earlier hours of the European trading with price potentially heading in the direction of the daily 20 period SMA, which has provided dynamic resistance on many occasions recently &#8211; as can be seen on the daily chart below.<\/p>\n<p>European markets had put in gains on Monday, following the successful sale of French T-bills which was a welcome relief following the credit downgrades on Friday. \u00a0Upcoming Spanish T-bill auctions will be another testing factor regarding overiding market sentiment.\u00a0 There is a chance that much of this move higher is coming on short covering as profits are taken.<\/p>\n<p>The following chart shows the recent price action around the 20 day SMA.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.forex-fx-4x.com\/wp-content\/uploads\/2012\/01\/eurusd20sma20120117.png\" alt=\"\" width=\"580\" height=\"467\" \/><\/p>\n<p><em>Any information or views found in this post are provided for educational reasons and do not in any way represent investment advice. The article author doesn&#8217;t guarantee the accuracy or completeness of this or any other information provided. Forex-FX-4X or the post authors will not accept liability for any losses arising directly, indirectly or because of reliance on any of the trading setups or associated analysis in any way.<\/em><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Read the full story:\u00a0EUR\/USD heading Towards 20 Day SMA \u2013 Markets Higher On China GDP EUR\/USD\u00a0has moved strongly higher over the Asia trading session and the earlier hours of the European trading with price potentially heading in the direction of the daily 20 period SMA, which has provided dynamic resistance on many occasions recently &#8211; &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/01\/17\/eurusd-heading-towards-20-day-sma-markets-higher-on-china-gdp\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EUR\/USD heading Towards 20 Day SMA \u2013 Markets Higher On China GDP&#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-26642","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/26642","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=26642"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/26642\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=26642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=26642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=26642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}