EURUSD Daily Analysis – November 17, 2014
EURUSD broke above 1.2508 resistance, indicating that the downtrend from 1.2867 had completed at 1.2358 already.
EURUSD broke above 1.2508 resistance, indicating that the downtrend from 1.2867 had completed at 1.2358 already.
EURUSD remains in downtrend from 1.3993, the rise from 1.2357 is likely consolidation of the downtrend.
EURUSD is testing the resistance of the downward price channel on 4-hour chart.
EURUSD stays in the downward price channel on 4-hour chart, and remains in downtrend from 1.2867, the rise from 1.2358 could be treated as consolidation of the downtrend.
EURUSD remains in downtrend from 1.2867, the rise from 1.2358 is likely consolidation of the downtrend.
EURUSD’s downward movement from 1.2867 extended to as low as 1.2441.
As another trading week and month gets underway, it’s time to take a look at several of the major currency pairs in the futures market ahead of what is likely to be an interesting time.
EURUSD broke below 1.2500 support, indicating that the downtrend from 1.3700 (Jul 1 high) has resumed.
The EURUSD pair fell hard during the session on Thursday, but turned back around and bounced hard enough to form a beautiful looking hammer.
EURUSD is now in downtrend from 1.2867, the rise from 1.2613 is likely consolidation of the downtrend.