EURUSD Forecast July 9, 2014, Technical Analysis
The EURUSD pair initially fell during the session on Tuesday, but found enough support below to turn things back around and form a hammer.
The EURUSD pair initially fell during the session on Tuesday, but found enough support below to turn things back around and form a hammer.
The AUDUSD pair broke higher during the day on Tuesday, clearing the top of the Monday hammer.
The AUDUSD pair initially fell during the session on Monday, but found enough support below in order to turn things back around and form a hammer.
The EURUSD pair initially fell during the session on Monday, but found enough support below the 1.36 level in order to continue going higher.
The USDJPY pair fell during the session on Monday, but as you can see really remains mired in a significant amount of consolidation.
The AUDUSD pair rose slightly during the session on Friday, testing the 0.9350 level for support.
The EURUSD pair fell during the session on Tuesday, as the 1.37 level did in fact offer resistance.
The rising channel on AUDUSD’s 1-hour forex chart is still holding and it appears the pair found resistance at the .9500 major psychological level, which lines up with the top of the channel.
EURUSD is facing 1.3651 resistance, a break above this level will signal resumption of the short term uptrend from 1.3512, then further rise to test 1.3676 key resistance could be seen.
The EURUSD pair fell during the session on Thursday, but you can see found enough support to bounce and form a hammer.