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EURUSD Bearish Momentum 

 August 6, 2014

By  Rayner

eud

On daily, we can see price  making lower  lows with strong momentum. The bearish candles are relatively larger compared to the bullish ones.

eu4

On 4hour, we see that 1.3440 is an area to watch for with price bouncing off couple times.

I will be looking to sell should price retrace back towards the 1.3440 area.

cj

Lastly, CADJPY has broken a key area and we should see further downside from here.

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