EURUSD Daily Analysis – September 17, 2014
EURUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.3411.
EURUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.3411.
EURUSD moved sideways in a trading range between 1.2859 and 1.2987.
EURUSD remains in downtrend from 1.3411, the rise from 1.2859 is likely consolidation of the downtrend.
EURUSD continued its sideways movement in a range between 1.2859 and 1.2987.
EURUSD is forming a sideways consolidation in a range between 1.2859 and 1.2987.
The EURUSD pair fell hard during the session on Thursday as the European Central Bank surprised that the markets with a slight rate cut.
EURUSD remains in downtrend from 1.3411, the rise from 1.3110 is likely consolidation of the downtrend.
EURUSD remains in downtrend from 1.3411, further decline would likely be seen after a minor consolidation, and next target would be at 1.3000 area.
During a particularly line session on Monday, the EURUSD pair went nowhere.
The euro dipped below $1.32 on Friday morning as investors kept a keen eye on the developing situation in Ukraine. The common currency traded at $1.3182 at 6:15 GMT after U.S. economic data helped the dollar rally.