EURUSD Daily Analysis – August 4, 2014
EURUSD broke above the downward trend line on 4-hour chart, indicating that consolidation of the downtrend from 1.3700 is underway.
EURUSD broke above the downward trend line on 4-hour chart, indicating that consolidation of the downtrend from 1.3700 is underway.
EURUSD pair did fall during the course of the day on Wednesday, but bounce significantly in order to form a bit of a hammer.
The EURUSD pair initially tried to rally during the day on Tuesday, but the Euro continued to struggle during the session, and slammed into the 1.34 handle.
In the EURUSD pair tried to rally during the course of the day on Monday, but as you can see gave back most of the gains.
The EURUSD pair broke down during the session on Tuesday, slicing through the 1.35 handle with ease.
The EURUSD pair tried to rally during the session on Monday, but as you can see the market failed to hang onto the gains, and we turned around and form a shooting star.
EURUSD’s downward movement from 1.3700 extended to as low as 1.3490.
The EURUSD pair went back and forth during the session on Thursday, showing that the 1.35 level would of course continue to be supportive.
The EURUSD pair fell during the session on Tuesday, breaking below the lows from the past couple of weeks.
The EURUSD pair fell during the session on Tuesday, breaking below the lows from the past couple of weeks.