EURUSD Daily Analysis – August 27, 2014
EURUSD’s downward movement from 1.3411 extended to as low as 1.3152.
EURUSD’s downward movement from 1.3411 extended to as low as 1.3152.
The AUDUSD pair tried to go higher during the course of the day on Tuesday, and did gain a bit.
The EURUSD pair fell during the course of the day on Monday, continuing to show a bit of a downtrend, and consolidating in this general vicinity.
The AUDUSD pair fell during the course of the day on Monday, but not significantly so.
EURUSD is facing 1.3444 resistance, as long as this level holds, the price action in the trading range between 1.3333 and 1.3444
Cable moved lower once again last week as a resurgent US dollar continued to drive the pair, with the September futures contract closing at 1.6770 on the daily chart.
The USDJPY pair initially tried to rally during the session on Thursday, but as you can see fell back down as we continue to bang around the 102 level.
The EURUSD pair fell during the bulk of the session on Tuesday, but found enough support just above the 1.3325 level in order to bounce and form a nice-looking hammer.
The GBPUSD pair bounced during the session on Monday, as the 1.68 level has offered enough support to at least do that.
The AUDUSD pair initially fell during the day on Monday, but as you can see found enough support to turn things back around and form a hammer.