EURUSD Daily Analysis – November 18, 2014
EURUSD’s upward movement extended to as high as 1.2577. Further rise is still possible, and next target would be at 1.2600 – 1.2650 area.
EURUSD’s upward movement extended to as high as 1.2577. Further rise is still possible, and next target would be at 1.2600 – 1.2650 area.
GBPUSD remains in downtrend from 1.6182, the rise from 1.5592 is likely consolidation of the downtrend.
AUDUSD stays above the upward trend line on 4-hour chart, and remains in uptrend from 0.8540, the fall from 0.8795 is likely consolidation of the uptrend.
USDJPY’s upward movement from 105.32 extended to as high as 117.05.
GBPUSD’s downward movement from 1.6182 extended to as low as 1.5592.
EURUSD broke above 1.2508 resistance, indicating that the downtrend from 1.2867 had completed at 1.2358 already.
AUDUSD continued its upward movement from 0.8540, and the rise extended to as high as 0.8784.
AUDUSD moved sideways in a trading range between 0.8540 and 0.8910.
GBPUSD stays below the downward trend line on daily chart, and remains in downtrend from 1.7190, and the fall extended to as low as 1.5592.
EURUSD remains in downtrend from 1.3993, the rise from 1.2357 is likely consolidation of the downtrend.