Update
Good afternoon subscribers.
Good afternoon subscribers.
The EURUSD pair went back and forth during the session on Tuesday, forming a very neutral candle.
Brent crude oil (BNO, quote) slipped below $109 to $108.58 at 5:50 GMT on Tuesday morning as investors put their faith in a meeting set to take place on Thursday between the US, the EU, Russia (RSX, quote) and Ukraine.
The USDJPY pair rose during the session on Monday, bouncing off of the obvious support level near the 101.25 level.
The EURUSD pair fell during the session on Monday, gapping lower as ECB members suggested that perhaps more monetary stimulus could come into play as the Euro is overvalued in their opinion.
EURUSD broke below 1.3850 support, indicating that the uptrend from 1.3672 had completed at 1.3905 already.
GBPUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 1.6465, the fall from 1.6820 could be treated as consolidation of the uptrend.
AUDUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 0.8924, the fall from 0.9461 is likely consolidation of the uptrend.
USDJPY remains in downtrend from 104.12. Further decline is still possible after a minor consolidation, and next target would be at 100.50 area.
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