EUR/USD Forecast March 26, 2014, Technical Analysis
The EUR/USD pair tried to fall apart during the session on Tuesday, but as you can see the 1.3750 level offered enough support to push the market higher, and move it back enough to form a hammer.
The EUR/USD pair tried to fall apart during the session on Tuesday, but as you can see the 1.3750 level offered enough support to push the market higher, and move it back enough to form a hammer.
The AUD/USD pair initially fell during the session on Monday, but found enough support at the 0.9050 level to turn things back around and send the market higher.
The EUR/USD pair bounce during the session on Monday, breaking above the 1.38 level by the end of the day, but giving back quite a bit of the gains nonetheless.
The USD/JPY pair fell during the session on Friday, but stays above the 102 level to show signs of support.
EUR/USD recently broke below a key support zone around the bottom of the rising channel on the 1-hour time frame and the 1.3800 major psychological level.
The USD/JPY pair did very little during the session on Thursday, hovering just below the 102.50 handle.
The AUD/USD pair fell hard during the session on Wednesday, but found enough support at the 0.90 level to keep the market somewhat afloat.
EUR/USD is moving in an uptrend, as seen on its 1-hour time frame. It is making a test of the rising trend line connecting the lows of the price while stochastic is in the oversold zone.
AUDUSD broke above 0.9133 resistance, suggesting that the uptrend from 0.8660 (Jan 24 low) has resumed.
USDJPY is facing 101.20 support again, a breakdown below this level will signal resumption of the downtrend from 103.76, then the following downward movement could bring price to 98.00 zone.