EURUSD Daily Analysis – March 24, 2017
EURUSD remains in uptrend from 1.0494, the fall from 1.0824 is likely consolidation of the uptrend.
EURUSD remains in uptrend from 1.0494, the fall from 1.0824 is likely consolidation of the uptrend.
GBPUSD’s upward movement from 1.2109 extended to as high as 1.2531.
The AUD/USD pair fell initially during the course of the session on Wednesday, but turned around to form a nice-looking hammer.
The EURUSD pair fell initially during the day on Wednesday but found enough support just below the 1.08 level to turn things around and form a hammer.
GBPUSD continued its upward movement from 1.2109 and the rise extended to as high as 1.2494.
AUDUSD stays above 0.7663 support and remains in uptrend from 0.7490.
EURUSD failed to break below 1.0493 support and is now facing the channel resistance.
The Australian dollar is going to be in focus next week. Retail sales will be released on Monday while the Reserve Bank of Australia will be making a decision on interest rates a day later on Tuesday.
The EURUSD pair fell during the Thursday session, testing the 1.05 level for support.
Inflation has made a dramatic return in the Eurozone. In February, the headline CPI measure rose to 2.0% year-over-year, accelerating from 1.8% in January.