EURUSD Daily Analysis – September 26, 2014
EURUSD’s downward movement from 1.3411 extended to as low as 1.2696.
EURUSD’s downward movement from 1.3411 extended to as low as 1.2696.
The AUDUSD pair fell during the course of the day on Thursday, breaking below the 0.88 support level.
AUDUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.9401, the rise from 0.8831 is likely consolidation of the downtrend.
EURUSD continued its downward movement from 1.3411 and the fall extended to as low as 1.27734.
The GBPUSD pair fell during the course of the day on Wednesday, but as you can see remains above the support of 1.63 level.
EURUSD failed to break above the downward trend line on 4-hour chart, indicating that the pair remains in downtrend from 1.3411.
AUDUSD remains in downtrend from 0.9401, and the fall extended to as low as 0.8831.
EURUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.3411, the rise from 1.2834 could be treated as consolidation of the downtrend.
GBPUSD broke above the downward trend line on 4-hour chart, indicating that the downtrend from 1.7190 (Jul 15 high) had completed at 1.6051 already.
The AUDUSD pair fell initially during the day on Thursday, but you can see found enough support below to turn things back around and form a hammer.