EURUSD Forecast July 16, 2014, Technical Analysis
The EURUSD pair fell during the session on Tuesday, breaking below the lows from the past couple of weeks.
The EURUSD pair fell during the session on Tuesday, breaking below the lows from the past couple of weeks.
The AUDUSD pair rose during the course of the session on Monday, but didn’t really cause too much in the way of a splash with the tight trading range.
The EURUSD pair tried to rally during the session on Monday, but as you can see gave back about half of the gains in order to form a shooting star.
GBPUSD moved sideways in a trading range between 1.7084 and 1.7179.
AUDUSD remains in downtrend from 0.9504, the rise from 0.9328 is likely correction of the downtrend.
EURUSD is facing 1.3575 support, a breakdown below this level
The AUDUSD pair went back and forth on the session for Wednesday, ultimately settling for a basically unchanged session.
The GBPUSD pair initially fell during the session on Wednesday, but as you can see we bounced yet again in order to form a hammer. This market simply looks like it does not want to fall, and as a result we feel that the buyers are certainly still in control even though the market has struggled to take off at this point.
The GBPUSD pair initially fell during the session on Wednesday, but as you can see we bounced yet again in order to form a hammer. This market simply looks like it does not want to fall, and as a result we feel that the buyers are certainly still in control even though the market has struggled to take off at this point.
The AUDUSD pair went back and forth on the session for Wednesday, ultimately settling for a basically unchanged session.