EURUSD Daily Analysis – April 24, 2014
EURUSD failed to break above 1.3864 resistance, indicating that the pair remains in downtrend from 1.3905, the rise from 1.3785 could be treated as consolidation of the downtrend.
EURUSD failed to break above 1.3864 resistance, indicating that the pair remains in downtrend from 1.3905, the rise from 1.3785 could be treated as consolidation of the downtrend.
AUDUSD continued its downward movement from 0.9461, and the fall extended to as low as 0.9295.
The AUDUSD pair went back and forth during the session on Monday, essentially settling nothing.
USDJPY is moving inside an ascending trend channel on its 4-hour time frame, indicating that further gains could be in the cards for the pair.
EURUSD remains in downtrend from 1.3905, the rise from 1.3790 could be treated as consolidation of the downtrend.
AUDUSD’s downward movement from 0.9461 extended to as low as 0.9314.
The EURUSD pair went back and forth during the session on Tuesday, forming a very neutral candle.
The USDJPY pair rose during the session on Monday, bouncing off of the obvious support level near the 101.25 level.
EURUSD broke below 1.3850 support, indicating that the uptrend from 1.3672 had completed at 1.3905 already.
GBPUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 1.6465, the fall from 1.6820 could be treated as consolidation of the uptrend.