EURUSD Forecast September 27, 2016, Technical Analysis
The EURUSD pair initially fell during the course of the session on Monday, but turn right back around to reach higher.
The EURUSD pair initially fell during the course of the session on Monday, but turn right back around to reach higher.
GBPUSD’s downward movement from 1.3445 extended to as low as 1.2914.
EURUSD is forming a sideways consolidation in a range between 1.1123 and 1.1326.
AUDUSD is testing the support of the price channel on 4-hour chart.
The USDJPY pair went back and forth during the course of the session on Friday, ultimately settling on a neutral candle.
The Australian dollar initially rallied during the day on Thursday, but turned around to form a bit of a shooting star.
AUDUSD seems to be tired from its climb since it already formed a head and shoulders reversal pattern on its 4-hour time frame. Price also broke below the neckline at the .7500 major psychological level, confirming its potential selloff.
GBPUSD is facing the resistance of the downward trend line on 4-hour chart.
AUDUSD is in consolidation of the downtrend from 0.7731.
Following the recent improvement in UK data, the Bank of England was widely expected to sound a little more upbeat about the economic outlook with virtually no one forecasting any further easing of monetary policy.