When considering such as bearish chart as for crude oil, it’s interesting to play a mind game and consider it as perhaps a stock chart – an Enron or a Worldcom, and the prospect of oil going to zero.
The EURUSD pair fell a bit during the course of the session on Monday, but found enough support later in the day to turn things around and form a somewhat significant rally by the time the market close.
The AUDUSD pair initially tried to rally during the course of the session on Monday, but turned back around to form a massive shooting star.
Today’s Key Economic Data
The GBPUSD pair fell significantly during the course of the session on Friday, breaking down below the bottom of the hammer from the Thursday session.
The EURUSD pair initially fell during the course of the day on Friday, testing the 1.08 level for support.
The AUDUSD pair fell significantly during the course of the day on Friday, breaking below the bottom of the hammer from the Thursday session.
Today’s Key Economic Data
Today’s Key Economic Data – Remember this morning we get the government’s non-Farm Payroll report today at 8:30am EDT.
The EURUSD pair initially fell during the day on Wednesday, but found enough support at the 1.07 level to turn things around and form a nice-looking hammer.
