The EURUSD pair fell hard during the session on Thursday, breaking well below the 1.37 level, but part of this would’ve been based upon news headlines coming out of Spain that the European Central Bank might bring its rate down to negative real rates.
The EURUSD pair initially tried to rally, but Wednesday action sell the market fall down to the 1.37 level.
The GBPUSD pair broke down during the session on Tuesday, breaking the bottom of the shooting star that formed on Monday.
The AUDUSD pair did very little during the session on Monday, as it tried to rally but failed in the end.
The EURUSD pair did almost nothing during the session on Monday, as the market sits right on top of the 1.3750 level, an area that we know is supportive.
The EUR/USD pair tried to rally during the session on Thursday, mainly predicated upon the fact that the statement from the ECB failed to mention any type of immediate actions to quell the rise of the Euro. The 1.40 level has been rather resistive, and on top of that the European Central Bank has suggested that the 1.40 level is in fact a bit too rich for their liking.
The USDJPY pair fell during the bulk of the session on Thursday, testing the 101.50 support level.
The AUDUSD pair fell during the session on Wednesday, but ultimately found a little bit of support around the 0.93 level.
The USDJPY pair initially fell during the session on Wednesday, but found support at the 101.50 level yet again. On top of that supportive area, we also had an uptrend line that was tested during the session, and as a result the buyer stepped in and push the market back up.
The EURUSD pair rose during the session on Tuesday, after the Germans printed better than anticipated numbers with the Services PMI announcement.
