EURUSD broke through the down channel at the downside

 

The EURUSD had broken to the downside the channel. Downside momentum still very strong.

Fundamentally, the rising yield for the PIIGS bond accerelate even faster and push the EURUSD down.

By The Backyard Burner

AUDUSD still in down trend

 

The AUDUSD had just rebound from the support but the larger trend is still down. The price had push down to the 100MA. 

By The Backyard Burner

AUDUSD Continue Bearish

The AUDUSD had broken through the H&S support line. The immediate target should be as shown. However, this pair is still above the 100 MA line. With the RBA stating the interest rate are appropriate and will no raise rates until mid next year, expect further bearish condition.


By The Backyard Burner

EURUSD break support

EURUSD break the main support and way below the 100 day MA indication further bearish momentum.
Fundamentally, the PIIGS problem that pop up like mushroom indicate further price drop.