EUR/USD Forecast March 12, 2014, Technical Analysis
The EUR USD pair pullback during the session on Tuesday, but found enough support below in order to bounce and army hammer.
The EUR USD pair pullback during the session on Tuesday, but found enough support below in order to bounce and army hammer.
USD/JPY might be in for a quick pullback to an area of interest before resuming its rally.
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Brent crude oil lost its momentum on Tuesday morning after demand woes outweighed worries about the ongoing tension in Syria.
The AUD/USD pair fell during the session on Monday, but remains above the 0.90 handle.
The EUR/USD pair went back and forth during the session on Monday, as we continue to struggle with the downtrend line that forms the channel going lower from the start of the financial crisis.
China’s benchmark Shanghai Composite Index plunged heavily on Monday after weak economic data triggered concerns over further economic growth slowdowns.
The USD/JPY pair initially fell during the first part of the Monday session, but as you can see spent the rest of the day bouncing in order to form a hammer.
Brent crude oil fell below $109 to start the week on poor data from China, but supply worries helped underpin prices.
EURUSD’s upward movement from 1.3477 extended to as high as 1.3914.