{"id":34310,"date":"2013-04-22T19:27:26","date_gmt":"2013-04-22T23:27:26","guid":{"rendered":"http:\/\/countingpips.com\/?p=34310"},"modified":"2013-04-23T17:34:18","modified_gmt":"2013-04-23T21:34:18","slug":"eurusd-consolidates-at-200-day-moving-average-right-above-1-3000-level","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2013\/04\/22\/eurusd-consolidates-at-200-day-moving-average-right-above-1-3000-level\/","title":{"rendered":"EUR\/USD consolidates at 200-day moving average right above 1.3000 level"},"content":{"rendered":"<p><strong>By CountingPips<\/strong><\/p>\n<p><strong>EUR\/USD remains above Major Support &amp; Resistance Level<\/strong><\/p>\n<p>The EUR\/USD currency pair has failed to provide much movement in today&#8217;s forex trading action and hovers above the 1.3000 major level at the end of the US trading session. The pair is consolidating at the 200-day moving average (purple line) and has been in a trading range from approximately 1.3000 to 1.3200 since the daily close on April 8th.<\/p>\n<hr style=\"border: 1px dotted #eee;\" \/>\n<p><a href=\"http:\/\/countingpips.com\/fx\/wp-content\/uploads\/2013\/04\/4-22-2013-eurusd13.gif\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-34312 aligncenter\" alt=\"4-22-2013-eurusd13\" src=\"http:\/\/countingpips.com\/fx\/wp-content\/uploads\/2013\/04\/4-22-2013-eurusd13.gif\" width=\"600\" height=\"600\" \/><\/a><\/p>\n<hr style=\"border: 1px dotted #eee;\" \/>\n<p>Outlook for this pair is bearish on the long term and a neutral-to-bearish leaning in the short term with a close and break below 1.3000 confirming the downtrend. Downside targets of 1.2875 and 1.2750 would loom on a breakdown. A close and break above the previous support\/resistance level around 1.3150 would push the case for short term bullish bias and bring the 1.3300 level into play.<\/p>\n<p><strong>EUR\/USD Data &amp; Trends<br \/>\n<\/strong><\/p>\n<p><strong>Pivot Point Levels:<\/strong><\/p>\n<p>Weekly Pivot Point: 1.30922<br \/>\nMonthly Pivot Point: 1.28883<\/p>\n<p><strong>Linear Regression Indicator Trend Strength Data:<\/strong><\/p>\n<p>30-day current trend is BULLISH \/ Trend strength of 261.9 pips<br \/>\n60-day current trend is BEARISH \/ Trend strength of -324.3 pips<br \/>\n90-day current trend is BEARISH \/ Trend strength of -551.0 pips<br \/>\n180-day current trend is BULLISH \/ Trend strength of 216.0 pips<br \/>\n365-day current trend is BULLISH \/ Trend strength of 332.3 pips<\/p>\n<p>&nbsp;<\/p>\n<p><strong>\u00a0Article by CountingPips <a href=\"http:\/\/countingpips.com\">Forex Research<\/a><\/strong><\/p>\n<hr style=\"border: 1px dotted #eee;\" \/>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By CountingPips EUR\/USD remains above Major Support &amp; Resistance Level The EUR\/USD currency pair has failed to provide much movement in today&#8217;s forex trading action and hovers above the 1.3000 major level at the end of the US trading session. The pair is consolidating at the 200-day moving average (purple line) and has been in &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2013\/04\/22\/eurusd-consolidates-at-200-day-moving-average-right-above-1-3000-level\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EUR\/USD consolidates at 200-day moving average right above 1.3000 level&#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-34310","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/34310","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=34310"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/34310\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=34310"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=34310"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=34310"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}