EURUSD Daily Analysis – September 26, 2014
EURUSD’s downward movement from 1.3411 extended to as low as 1.2696.
EURUSD’s downward movement from 1.3411 extended to as low as 1.2696.
Not even the specter of a spillover of Islamic extremism from Somalia can dampen the atmosphere in Kenya, where commercial oil production is expected to begin in 2016 and discovery after discovery has made this the hottest and fastest-paced hydrocarbon scene on the continent.
The AUDUSD pair fell during the course of the day on Thursday, breaking below the 0.88 support level.
Brent crude oil (BNO, quote) remained below $97 on Thursday as the growing supply glut continued to outweigh concerns about the conflict in the Middle East.
AUDUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 0.9401, the rise from 0.8831 is likely consolidation of the downtrend.
EURUSD continued its downward movement from 1.3411 and the fall extended to as low as 1.27734.
The GBPUSD pair fell during the course of the day on Wednesday, but as you can see remains above the support of 1.63 level.
EURUSD failed to break above the downward trend line on 4-hour chart, indicating that the pair remains in downtrend from 1.3411.
AUDUSD remains in downtrend from 0.9401, and the fall extended to as low as 0.8831.
EURUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.3411, the rise from 1.2834 could be treated as consolidation of the downtrend.