EURUSD Daily Analysis – November 13, 2014
EURUSD stays in the downward price channel on 4-hour chart, and remains in downtrend from 1.2867.
EURUSD stays in the downward price channel on 4-hour chart, and remains in downtrend from 1.2867.
EURUSD is facing the resistance of the upper line of the price channel on 4-hour chart, as long as the channel resistance holds, the rise from 1.2358 could be
EURUSD stays in the downward price channel on 4-hour chart, and remains in downtrend from 1.2867, the rise from 1.2358 could be treated as consolidation of the downtrend.
EURUSD remains in downtrend from 1.2867, the rise from 1.2358 is likely consolidation of the downtrend.
EURUSD’s downward movement from 1.2867 extended to as low as 1.2441.
As another trading week and month gets underway, it’s time to take a look at several of the major currency pairs in the futures market ahead of what is likely to be an interesting time.
EURUSD broke below 1.2500 support, indicating that the downtrend from 1.3700 (Jul 1 high) has resumed.
EURUSD is now in downtrend from 1.2867, the rise from 1.2613 is likely consolidation of the downtrend.
EURUSD fell initially during the session here on Thursday, but ended up forming enough positive momentum towards the end of the day to form a little bit of a hammer.
EURUSD broke below the upward trend line on 4-hour chart, indicating that the uptrend from 1.2500 had completed at 1.2867 already.