EURUSD Daily Analysis – December 22, 2014
EURUSD broke below 1.2247 support indicating that the downtrend from 1.2886 (Oct 15 high) has resumed.
EURUSD broke below 1.2247 support indicating that the downtrend from 1.2886 (Oct 15 high) has resumed.
AUDUSD remains in downtrend from 0.8794.
EURUSD is facing 1.2247 support, a breakdown below this level will signal resumption of the downtrend from 1.2867 (Oct 15 high), then next target would be at 1.2000 area.
The AUDUSD pair as you can see initially went higher during the course of the session on Thursday,
EURUSD moved sideways in a trading range between 1.2247 and 1.2599.
The AUDUSD pair originally broke higher during the session on Tuesday, but as you can see the sellers step back in and started pushing the market down at the 0.8250 level.
USDJPY is facing 117.23 support, as long as this level holds, the fall from 121.84 could be treated as consolidation
GBPUSD broke below 1.5585 support, indicating that the downtrend from 1.6182 has resumed.
AUDUSD’s downward movement from 0.8795 extended to as low as 0.8293.
EURUSD remains in downtrend from 1.2867 (Oct 15 high), the rise from 1.2280 is likely consolidation of the downtrend.