EURUSD Daily Analysis – September 25, 2014
EURUSD continued its downward movement from 1.3411 and the fall extended to as low as 1.27734.
EURUSD continued its downward movement from 1.3411 and the fall extended to as low as 1.27734.
The GBPUSD pair fell during the course of the day on Wednesday, but as you can see remains above the support of 1.63 level.
EURUSD failed to break above the downward trend line on 4-hour chart, indicating that the pair remains in downtrend from 1.3411.
EURUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.3411, the rise from 1.2834 could be treated as consolidation of the downtrend.
The AUDUSD pair fell initially during the day on Thursday, but you can see found enough support below to turn things back around and form a hammer.
GBPUSD is facing the resistance of the downward trend line on 4-hour chart.
After consolidation, EURUSD broke below 1.2859 support and continued its downward movement from 1.3411, and the fall extended to as low as 1.2834.
AUDUSD continued its downward movement from 0.9401 and the fall extended to as low as 0.8938.
EURUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.3411.
The AUDUSD pair initially fell during the course of the day on Tuesday, but found the 0.90 level to be supportive enough to bounce significantly.