EURUSD Forecast February 5, 2015, Technical Analysis
The EURUSD pair fell during the course of the day on Wednesday as the market continues to look soft for the Euro in general.
The EURUSD pair fell during the course of the day on Wednesday as the market continues to look soft for the Euro in general.
AUDCAD recently broke below a key support zone at the .9800 major psychological level and appears to be pulling up for a retest.
China’s central bank on Wednesday decided to lower the reserve requirement ratio (RRR), the minimum level of reserve banks must hold, by 50 basis points from Feb. 5.
For speculative traders, the last few weeks have offered wonderful trading opportunities across all markets, and provided you have no directional bias, the opportunities are there in abundance.
China made progress in improving its economic structure in 2014, though its annual economic growth rate came in at a 24-year low, the country’s statistics authority said Tuesday.
EURUSD remains in downtrend from 1.2569, the rise from 1.1459 is likely consolidation of the downtrend.
The AUDUSD pair fell slightly during the session on Monday, but as you can see really didn’t go anywhere.
GBPUSD remains in downtrend from 1.5785, the rise from 1.5034 is likely consolidation of the downtrend.
EURUSD’s downward movement from 1.2569 extended to as low as 1.1744.
The AUDUSD pair rose during the course of the session on Wednesday, but gave back a little bit of the gains as you can see.