{"id":7852,"date":"2010-03-23T09:26:48","date_gmt":"2010-03-23T13:26:48","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=7852"},"modified":"2010-03-23T09:26:48","modified_gmt":"2010-03-23T13:26:48","slug":"eurusd-looks-to-reach-a-yearly-low","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/03\/23\/eurusd-looks-to-reach-a-yearly-low\/","title":{"rendered":"EUR\/USD Looks to Reach a Yearly Low"},"content":{"rendered":"<p><strong>By Yan Petters <\/strong>&#8211; Over the past 6 weeks, the EUR\/USD pair had 3 failed attempts to drop  below the 1.3430 level. However today seems to be the day that we will  see a 1-year low as several technical indicators provide clear bearish  signs.<\/p>\n<p>\u2022 The chart below is the EUR\/USD 4-hour chart by ForexYard<br \/>\n\u2022 The technical indicators used are the Bollinger Bands, the Slow  Stochastic, the MACD and the Relative Strength Index (RSI).<br \/>\n\u2022 There is a very distinct bearish channel formed on the chart.<br \/>\n\u2022 A bearish cross of the Slow Stochastic suggests that the bearish  channel is likely to be extended.<br \/>\n\u2022 The MACD and the RSI are both pointing down, indicating that the  bearish momentum is still very strong.<br \/>\n\u2022 The next support level is located at the 1.3450 price.<br \/>\n\u2022 If the pair will manage to cross this level, it is likely to reach the  1.3430 level \u2013 which will mark a year low.<br \/>\n\u2022 Traders should notice that if the pair will reach below the 1.3420  level, this has potential to initiate a sharp slide.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/03\/EUR-USD1.bmp\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/03\/EUR-USD1.bmp\" alt=\"\" width=\"595\" height=\"545\" \/><\/a><\/p>\n<p><em><strong>Forex Market Analysis<\/strong><\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><strong>Forex   Yard.<\/strong><\/a><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and   may not be suitable for all investors. There is a possibility that you   could sustain a loss of all of your investment and therefore you  should  not invest money that you cannot afford to lose. You should be  aware of  all the risks associated with Foreign Exchange trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Yan Petters &#8211; Over the past 6 weeks, the EUR\/USD pair had 3 failed attempts to drop below the 1.3430 level. However today seems to be the day that we will see a 1-year low as several technical indicators provide clear bearish signs. \u2022 The chart below is the EUR\/USD 4-hour chart by ForexYard &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/03\/23\/eurusd-looks-to-reach-a-yearly-low\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EUR\/USD Looks to Reach a Yearly Low&#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-7852","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/7852","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=7852"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/7852\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=7852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=7852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=7852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}