{"id":881,"date":"2021-04-06T11:44:42","date_gmt":"2021-04-06T14:44:42","guid":{"rendered":"https:\/\/wintrademarkets.com\/news\/?p=881"},"modified":"2021-04-06T11:53:00","modified_gmt":"2021-04-06T14:53:00","slug":"eur-usd-comment-eur-usd-test-near-1-2000-likely-but-caution-warranted-afterward","status":"publish","type":"post","link":"https:\/\/wintrademarkets.com\/new\/2021\/04\/06\/eur-usd-comment-eur-usd-test-near-1-2000-likely-but-caution-warranted-afterward\/","title":{"rendered":"EUR \/ USD – COMMENT-EUR \/ USD Test Near 1.2000 Likely, But Caution Warranted Afterward"},"content":{"rendered":"\n

EUR \/ USD rose on Tuesday, maintaining a recent bias toward dip-buying recoveries that might nudge it toward resistance near 1.2000 area, but the outlook after that is cloudy.<\/p>\n\n\n\n

Upbeat risk sentiment and a drop in U.S. interest rates drove investors out of the safe-haven dollar and into riskier bets like stocks, commodities, emerging markets currencies and the euro, propelling EUR \/ USD to a 9-session high.<\/p>\n\n\n\n


The rally has made option investors a bit wary of EUR \/ USD upside. Risk reversals show vol premiums for calls slightly exceed those for puts which suggests EUR \/ USD could slowly grind higher<\/p>\n\n\n\n


But, formidable resistance resides near the 1.2000 \/ 50 zone, including a series of recent monthly and daily highs and lows as well as the 55-day moving average and 50% Fibo retracement of the 1.2349-1.1704 decline.<\/p>\n\n\n\n


If EUR \/ USD tests that resistance but fails to break it, the right shoulder of a large head-and-shoulders top would develop, which could foreshadow a retreat that breaks support near 1.1600 and even 1.1200.<\/p>\n\n\n\n

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<\/p>\n","protected":false},"excerpt":{"rendered":"

EUR \/ USD rose on Tuesday, maintaining a recent bias toward dip-buying recoveries that might nudge it toward resistance near 1.2000 area, but the outlook after that is cloudy. Upbeat risk sentiment and a drop in U.S. interest rates drove investors out of the safe-haven dollar and into riskier bets like stocks, commodities, emerging markets […]<\/p>\n","protected":false},"author":2,"featured_media":882,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"class_list":{"0":"post-881","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-daily-news"},"_links":{"self":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/881","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/comments?post=881"}],"version-history":[{"count":2,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/881\/revisions"}],"predecessor-version":[{"id":887,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/881\/revisions\/887"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media\/882"}],"wp:attachment":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media?parent=881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/categories?post=881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/tags?post=881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}