{"id":798,"date":"2022-04-22T21:54:50","date_gmt":"2022-04-22T21:54:50","guid":{"rendered":"https:\/\/www.from1tomillion.com\/blog\/?p=798"},"modified":"2022-04-22T21:59:14","modified_gmt":"2022-04-22T21:59:14","slug":"pound-is-slowing-is-down","status":"publish","type":"post","link":"https:\/\/www.from1tomillion.com\/blog\/2022\/04\/22\/pound-is-slowing-is-down\/","title":{"rendered":"Pound overreaction slowing euro bulls down!"},"content":{"rendered":"\n<p>This week was first working out nicely, according to last week&#8217;s pattern. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"438\" src=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2022\/04\/15HappyEaster-1024x438.png\" alt=\"\" class=\"wp-image-799\" srcset=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2022\/04\/15HappyEaster-1024x438.png 1024w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2022\/04\/15HappyEaster-300x128.png 300w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2022\/04\/15HappyEaster-768x328.png 768w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2022\/04\/15HappyEaster.png 1266w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>We reached a strong resistance of 920 and bulls didn&#8217;t manage to stay above. Its the same level from a previous ECB meeting, so it won&#8217;t break easily, it seems. But after that, EU calmed down between 830-850 and was preparing for another attempt to break the high&#8230;BUT then friday happened and a crazy move on the pound messed up the plans for EU, too. For whatever reason GU overreacted to the retail sales data, which wasn&#8217;t even so bad and turned into a bloody friday, with a 200 pip drop, without any sign of bulls along the way. EU and GU are highly correlated, but EU was doing a good job resisting the drop. So since GU dropped 200 pips, the fact that EU only closed 35 pips below thursday&#8217;s closing price, was a big win for the bulls. GU should move towards 3000 next week and <strong>unless Le Pen wins french presidency on Sunday, EU should again make an attempt to break the resistance at 920.<\/strong> And I think they will do it this time&#8230;like they say, third time&#8217;s the charm. Right now Macron has a comfortable lead over Le Pen in the polls&#8230;the only thing that might cause trouble for him is a low turnout. If Macron wins, EURO should turn bullish for the time being.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"438\" src=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2022\/04\/22EU-1024x438.png\" alt=\"\" class=\"wp-image-800\" srcset=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2022\/04\/22EU-1024x438.png 1024w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2022\/04\/22EU-300x128.png 300w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2022\/04\/22EU-768x328.png 768w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2022\/04\/22EU.png 1266w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"438\" src=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2022\/04\/22GU-1024x438.png\" alt=\"\" class=\"wp-image-801\" srcset=\"https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2022\/04\/22GU-1024x438.png 1024w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2022\/04\/22GU-300x128.png 300w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2022\/04\/22GU-768x329.png 768w, https:\/\/www.from1tomillion.com\/blog\/wp-content\/uploads\/2022\/04\/22GU.png 1266w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>This week was first working out nicely, according to last week&#8217;s pattern. We reached a strong resistance of 920 and bulls didn&#8217;t manage to stay above. Its the same level from a previous ECB meeting, so it won&#8217;t break easily, it seems. But after that, EU calmed down between 830-850 and was preparing for another [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[6,9,11,10],"_links":{"self":[{"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/posts\/798"}],"collection":[{"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/comments?post=798"}],"version-history":[{"count":6,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/posts\/798\/revisions"}],"predecessor-version":[{"id":807,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/posts\/798\/revisions\/807"}],"wp:attachment":[{"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/media?parent=798"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/categories?post=798"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.from1tomillion.com\/blog\/wp-json\/wp\/v2\/tags?post=798"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}