EURUSD Forecast August 19, 2015, Technical Analysis
The EURUSD pair fell during the day on Tuesday, reaching down towards the 1.10 handle.
The EURUSD pair fell during the day on Tuesday, reaching down towards the 1.10 handle.
The AUDUSD pair broke down a little bit during the session on Tuesday, but quite frankly we have a lot of noise below us.
Last week, the People’s Bank Of China allowed the yuan to fall sharply, causing chaos in share markets and drawing criticism from multinationals who said the move would hurt their businesses.
NZDUSD got rejected in its test of the descending triangle resistance and is now moving back to the bottom around the .6500 major psychological level. Whether a bounce or a break takes place depends on the outcome of the economic reports from New Zealand in the next few days.
The AUDUSD pair broke higher during the course of the session on Wednesday, bouncing off of extreme lows near the 0.7250 level.
The EURUSD pair broke higher during the course of the session in a massive show strength on Wednesday.
The EURUSD pair broke higher during the course of the session on Tuesday, clearing the 1.10 level.
The AUDUSD pair initially tried to rally during the course of the session on Tuesday, but fell back down to break below the 0.73 handle.
The AUDUSD pair fell during the course of the session on Monday, but found enough support near the 0.7350 level to turn things back around and bounce.
The EURUSD pair initially tried to fall during the course of the session on Monday, but we turned back around and broke above the 1.10 level.