{"id":9222,"date":"2010-05-07T09:45:21","date_gmt":"2010-05-07T13:45:21","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=9222"},"modified":"2010-05-07T09:45:21","modified_gmt":"2010-05-07T13:45:21","slug":"will-the-eurusd-reach-1-2000","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/05\/07\/will-the-eurusd-reach-1-2000\/","title":{"rendered":"Will the EUR\/USD Reach 1.2000?"},"content":{"rendered":"<p><strong>By Greg Holden<\/strong> &#8211; The question posed in the title of this article shouldn\u2019t sound  impossible. It shouldn\u2019t even sound far-fetched. Look at the chart  below, what do you see? The trend of this pair has been obvious since  December 2009. Why are we to think that this pair couldn\u2019t reach 1.2000,  or even lower?<\/p>\n<p>Let\u2019s do the math.<\/p>\n<p>First, the US economy is in fact improving. Consumer confidence is  up. The housing market is up. Manufacturing and construction are up.  Even employment looks to be making gains, however minor they may be.<\/p>\n<p>Additionally, this week\u2019s news has only scared the life out of  investors who were once interested in riskier assets. We\u2019ve seen a  massive migration of investment away from risky assets like stocks and  high-risk currencies (EUR, AUD, NZD). The money pulled out of these  assets was almost exclusively moved into 2 others: the USD and Gold \u2013  both of which are primary safe-havens.<\/p>\n<p>After yesterday\u2019s Wall Street debacle, there is a high possibility  that today\u2019s Non-Farm Payroll (NFP) data will help to recover some of  the losses seen in the stock market, but yesterday\u2019s events do not bear  good tidings for market confidence. As a result, we\u2019ll likely see a  rising USD (a sinking EUR\/USD) as a result of the NFP report, regardless  of its outcome. Stocks may rise, but the EUR\/USD seems destined for  1.2000, by my calculations.<\/p>\n<p>If ever there was a good time to invest in forex and get in on this  USD growth, now is that time.<\/p>\n<p><strong>EUR\/USD \u2013 Daily Chart<\/strong><\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/05\/EURUSD-Daily-Chart.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/05\/EURUSD-Daily-Chart.JPG\" alt=\"\" width=\"595\" height=\"564\" \/><\/a><\/p>\n<p><strong><em>Forex Market  Analysis<\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">Forex                                Yard.<\/a><\/strong><\/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 Greg Holden &#8211; The question posed in the title of this article shouldn\u2019t sound impossible. It shouldn\u2019t even sound far-fetched. Look at the chart below, what do you see? The trend of this pair has been obvious since December 2009. Why are we to think that this pair couldn\u2019t reach 1.2000, or even lower? &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/05\/07\/will-the-eurusd-reach-1-2000\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Will the EUR\/USD Reach 1.2000?&#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-9222","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9222","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=9222"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/9222\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=9222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=9222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=9222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}