EURUSD Forecast April 20, 2017, Technical Analysis
The EURUSD pair pulled back just a bit during the trading session on Wednesday, but still looks bullish and overall the market has been grinding higher sense late December.
The EURUSD pair pulled back just a bit during the trading session on Wednesday, but still looks bullish and overall the market has been grinding higher sense late December.
GBPUSD broke out below the lower line of the triangle pattern on 4-hour chart,
AUDUSD remains in downtrend from 0.7679.
The EURUSD pair initially fell during the day on Friday, but found enough support at the 1.0750 level to turn these around to form a hammer.
EURUSD failed to break below 1.0493 support and is now facing the channel resistance.
The EURUSD pair fell during the Thursday session, testing the 1.05 level for support.
AUDUSD recently broke below its ascending channel visible on the 1-hour and 4-hour time frames. Price has dipped to a low of .7635 before showing signs of a pullback. Applying the Fib tool on the swing high and low shows that the 50% retracement level lines up with the broken support.
The AUDUSD pair chopped around during the day on Monday, as we continue to see quite a bit of volatility.
The EURUSD pair rallied on Monday, as we continue to see plenty of volatility.
GBPUSD stays in the upward price channel on 4-hour chart, and remains in uptrend from 1.1986.