EURUSD Daily Analysis – September 24, 2014
EURUSD failed to break above the downward trend line on 4-hour chart, indicating that the pair remains in downtrend from 1.3411.
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.
GBPUSD broke above the downward trend line on 4-hour chart, indicating that the downtrend from 1.7190 (Jul 15 high) had completed at 1.6051 already.
GBPUSD is facing the resistance of the downward trend line on 4-hour chart.
After consolidation, EURUSD broke below 1.2859 support and continued its downward movement from 1.3411, and the fall extended to as low as 1.2834.
AUDUSD continued its downward movement from 0.9401 and the fall extended to as low as 0.8938.
EURUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.3411.
GBPUSD’s bounce from 1.6051 extended to as high as 1.6309, however, the bounce is likely consolidation of the downtrend
The AUDUSD pair initially fell during the course of the day on Tuesday, but found the 0.90 level to be supportive enough to bounce significantly.