EURUSD Daily Analysis – November 11, 2014
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 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.
The AUDUSD pair fell during the course of the day on Monday, testing the 0.86 level.
GBPUSD is in downtrend from 1.6182, the rise from 1.5790 is likely consolidation of the downtrend.
AUDUSD broke above the downward trend line on 4-hour chart, indicating that the downtrend from 0.8910 had completed at 0.8540 already.
EURUSD remains in downtrend from 1.2867, the rise from 1.2358 is likely consolidation of the downtrend.
The AUDUSD pair broke down during the session on Wednesday, breaking below the fresh lows and signifying that the market should head down to the 0.85 handle.
EURUSD’s downward movement from 1.2867 extended to as low as 1.2441.
The AUDUSD pair continues to show significant weakness as we gapped lower at the open.
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.