EURUSD Daily Analysis – December 19, 2014
EURUSD is facing 1.2247 support, a breakdown below this level will signal resumption of the downtrend from 1.2867 (Oct 15 high), then next target would be at 1.2000 area.
EURUSD is facing 1.2247 support, a breakdown below this level will signal resumption of the downtrend from 1.2867 (Oct 15 high), then next target would be at 1.2000 area.
EURUSD moved sideways in a trading range between 1.2247 and 1.2599.
EURUSD remains in downtrend from 1.2867 (Oct 15 high), the rise from 1.2280 is likely consolidation of the downtrend.
EURUSD moved sideways in a trading range between 1.2358 and 1.2599.
EURUSD failed to break below 1.3258 support and stayed in the trading range between 1.2358 and 1.2599.
The EURUSD pair initially fell during the course of the day on Monday, but as you can see bounced enough to break back above the 1.24 handle.
EURUSD failed to break above the upper line of the price channel on daily chart, indicating that the pair remains in downtrend from 1.3993.
EURUSD remains in uptrend from 1.2358, the fall from 1.2599 could be treated as consolidation of the downtrend.
EURUSD is moving inside a rising channel on its 1-hour forex chart, with price just finding resistance at the top of the range. Stochastic is moving lower, indicating that sellers are in control of price action for now. MACD is also heading down, which confirms the bearish momentum.
EURUSD stays above the rising trend line on 4-hour chart, and remains in uptrend from 1.2358, the fall from 1.2577 would possibly be consolidation of the uptrend.