{"id":34397,"date":"2013-04-29T19:23:36","date_gmt":"2013-04-29T23:23:36","guid":{"rendered":"http:\/\/countingpips.com\/?p=34397"},"modified":"2013-04-29T19:23:36","modified_gmt":"2013-04-29T23:23:36","slug":"euro-climbs-vs-us-dollar-in-forex-trading-eurusd-highest-close-in-almost-2-weeks","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2013\/04\/29\/euro-climbs-vs-us-dollar-in-forex-trading-eurusd-highest-close-in-almost-2-weeks\/","title":{"rendered":"Euro climbs vs US Dollar in Forex Trading, EURUSD highest close in almost 2 weeks"},"content":{"rendered":"<p><strong>By CountingPips.com<\/strong><\/p>\n<p>The Euro rose today against the US Dollar in forex trading action following up an increase on Friday. The EUR\/USD pair peaked over the 1.3100 exchange rate today before retreating to just around the 1.3100 level at the close of the New York trading session at 5pm EST. Today&#8217;s close was the highest closing price since April 16th when prices ended the day at approximately 1.3176.<\/p>\n<hr style=\"border: 1px dotted #fff;\" \/>\n<hr style=\"border: 1px dotted #eee;\" \/>\n<p><a href=\"http:\/\/countingpips.com\/fx\/wp-content\/uploads\/2013\/04\/eurusd-4-29-13.png\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-34402\" alt=\"eurusd-4-29-13\" src=\"http:\/\/countingpips.com\/fx\/wp-content\/uploads\/2013\/04\/eurusd-4-29-13.png\" width=\"630\" height=\"717\" \/><\/a><\/p>\n<hr style=\"border: 1px dotted #fff;\" \/>\n<hr style=\"border: 1px dotted #eee;\" \/>\n<p>The levels at 1.3100\/1.3125 present resistance obstacles to the upside. Piercing these levels would bring a retest of 1.3200 that provided resistance twice recently on April 16th and April 17th. Below looms the major level at 1.3000 which would likely bring a base of support.<\/p>\n<p><strong>Will the Euro be able to maintain its strength?<\/strong><\/p>\n<p><strong><\/strong> The European Central Bank interest rate meeting is coming this week on Thursday and there is <a href=\"http:\/\/www.reuters.com\/article\/2013\/04\/29\/markets-forex-idUSL2N0DG10D20130429\" target=\"_blank\">market speculation<\/a> of a potential rate cut. A rate reduction could very well sap any upside energy for the euro and perhaps we see a retest of 1.3000 level. But there are two more trading days before then and we can only wait and see how it plays out.<\/p>\n<p><strong>Pivots and Trends Data:<\/strong><\/p>\n<p>Weekly Pivot Point: 1.30310<br \/>\nMonthly Pivot Point: 1.28883<\/p>\n<p><strong>Linear Regression Indicator Trend \/ Strength Data:<\/strong><br \/>\n30-day current trend is BULLISH \/ Trend strength of 297.8 pips<br \/>\n60-day current trend is BEARISH \/ Trend strength of -121.2 pips<br \/>\n90-day current trend is BEARISH \/ Trend strength of -570.1 pips<br \/>\n180-day current trend is BULLISH \/ Trend strength of 171.3 pips<br \/>\n365-day current trend is BULLISH \/ Trend strength of 373.3 pips<\/p>\n<p>Happy Trading!<\/p>\n<p><strong>Article by CountingPips <span style=\"text-decoration: underline;\"><a href=\"http:\/\/countingpips.com\">Forex Blog, News &amp; Analysis<\/a><\/span><\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By CountingPips.com The Euro rose today against the US Dollar in forex trading action following up an increase on Friday. The EUR\/USD pair peaked over the 1.3100 exchange rate today before retreating to just around the 1.3100 level at the close of the New York trading session at 5pm EST. Today&#8217;s close was the highest &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2013\/04\/29\/euro-climbs-vs-us-dollar-in-forex-trading-eurusd-highest-close-in-almost-2-weeks\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Euro climbs vs US Dollar in Forex Trading, EURUSD highest close in almost 2 weeks&#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-34397","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/34397","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=34397"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/34397\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=34397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=34397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=34397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}