EURUSD Daily Analysis – October 2, 2014
EURUSD is facing the resistance of the upper line of the price channel on 4-hour chart, a clear break above the channel resistance
EURUSD is facing the resistance of the upper line of the price channel on 4-hour chart, a clear break above the channel resistance
GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.6524.
EURUSD stays in the downward price channel on 4-hour chart, and remains in downtrend from 1.2994, the rise from 1.2570 is likely consolidation of the downtrend.
EURUSD remains in downtrend from 1.3411, as long as 1.2765 resistance holds, the downtrend could be expected to continue, and next target would be at 1.2500 area.
The AUDUSD pair rose during the course of the day on Monday, as we bounced a bit off of the 0.87 handle. However, the 0.88 level above should be resistive, so we look at this is a potential selling opportunity.
GBPUSD’s downward movement from 1.6524 extended to as low as 1.6214.
EURUSD continued its downward movement from 1.3411, and the fall extended to as low as 1.2666.
AUDUSD’s downward movement from 0.9401 extended to as low as 0.8692.
EURUSD’s downward movement from 1.3411 extended to as low as 1.2696.
AUDUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.9401, the rise from 0.8831 is likely consolidation of the downtrend.