EURUSD Forecast October 24, 2014, Technical Analysis
EURUSD fell initially during the session here on Thursday, but ended up forming enough positive momentum towards the end of the day to form a little bit of a hammer.
EUR/USD
EURUSD Daily Analysis – October 23, 2014
EURUSD broke below the upward trend line on 4-hour chart, indicating that the uptrend from 1.2500 had completed at 1.2867 already.
Short-Term Uptrend on EURUSD Oct 20, 2014
EURUSD is moving in a short-term uptrend since the ascending trend channel on its 1-hour time frame is still holding.
EURUSD Daily Analysis – October 17, 2014
EURUSD stays above the upward trend line on 4-hour chart, and remains in uptrend from 1.2500, the fall from 1.2867 is likely consolidation of the uptrend.
EURUSD Daily Analysis – October 16, 2014
EURUSD’s upward movement extended to as high as 1.2867.
EURUSD Double Top Formation – Oct 15, 2014
EURUSD may be in for another set of losses, as the pair formed a reversal chart pattern on its 1-hour time frame. A double top formation can be seen, with price nearing the neckline around the 1.2600 major psychological support.
EURUSD Daily Analysis – October 14, 2014
EURUSD is facing 1.2791 resistance, a break of this level will signal resumption of the uptrend from 1.2500, then next target would be at 1.2850 area.
EURUSD Daily Analysis – October 8, 2014
EURUSD is facing 1.2698 resistance, a break of this level will indicate that the downtrend from 1.2994 had completed at 1.2500 already, then further rise to 1.2850 area could be seen.
EURUSD Descending Trend Line – Oct 7, 2014
EURUSD has been moving in a downtrend for quite some time, forming a descending trend line in connecting the recent highs.
EURUSD Daily Analysis – October 3, 2014
EURUSD broke above the upper line of the price channel on 4-hour chart, indicating that the downtrend from 1.2994 had completed at 1.2570 already.