EURUSD Forecast July 9, 2014, Technical Analysis
The EURUSD pair initially fell during the session on Tuesday, but found enough support below to turn things back around and form a hammer.
The EURUSD pair initially fell during the session on Tuesday, but found enough support below to turn things back around and form a hammer.
The AUDUSD pair broke higher during the day on Tuesday, clearing the top of the Monday hammer.
The AUDUSD pair rose slightly during the session on Friday, testing the 0.9350 level for support.
EURUSD’s downward movement from 1.3700 extended to as low as 1.3580.
The EURUSD pair went back and forth on Monday, essentially settling nothing as we continue to hang about the 1.3600 level.
The EURUSD pair initially fell during the course of the session on Monday, but found support near the 1.35 level yet again. This area continues to bring in buyers, and as a result we feel that the market is probably going to continue to consolidate overall.
AUDUSD is finding resistance at the top of its range, visible on the 4-hour forex time frame.
The AUDUSD pair rose during the course of the session on Monday, but found enough resistance to push the market back about half of the range.
The AUDUSD pair tried to rally during the session on Friday, but as you can see gave back almost all of the gains in order to form a shooting star.
The EURUSD pair fell during the course of the session on Friday after the nonfarm payroll numbers came out.