EURUSD Forecast June 26, 2014, Technical Analysis
The EURUSD pair broke higher during the session on Wednesday, but could not break out to the upside.
The EURUSD pair broke higher during the session on Wednesday, but could not break out to the upside.
The EURUSD pair went back and forth on Monday, essentially settling nothing as we continue to hang about the 1.3600 level.
The EURUSD pair rose during the course of the session on Wednesday, but stays within the consolidation area that we’ve seen for some time.
The EURUSD pair initially fell during the course of the session on Monday, but found support near the 1.35 level yet again. This area continues to bring in buyers, and as a result we feel that the market is probably going to continue to consolidate overall.
The EURUSD pair initially fell during the course of the session on Thursday, testing the 1.35 level again.
The EURUSD pair fell during the course of the session on Tuesday, but still above the 1.35 handle.
The EURUSD pair fell during the course of the session on Friday after the nonfarm payroll numbers came out.
The EURUSD pair fell during the session on Wednesday, as we simply grind away in the current area while we await whatever it is that the European Central Bank has decided.
EURUSD moved sideways in a narrow range between 1.3586 and 1.3668.
EURUSD is currently finding support at the bottom of the rising channel on the daily time frame while stochastic is indicating deeply oversold conditions.