EURUSD Daily Chart | December 22, 2013

Right,

Today I am posting about forex market rhythm on EURUSD, USDJPY and AUDUSD

EURUSD went down after the Fed announce the tapering. But the volatility and range of the move
somehow moderate. On the daily chart, EU still supported by the 21 day EMA (1.3665). Fail to close below will send the EU higher on Trend Continuation move.

EURUSD Weekly Chart | December 22, 2013

While on the weekly chart, I am expecting the EU to form the right shoulder both on MACD and the candlestick. Targeting 1.35.

USDJPY H4 Chart | December 22, 2013

USDJPY - Still on the uptrend, targeting the median line. Supported by the EMA 21 (103.80), and close above EMA 8 (104.17) may send the UJ to 104.80.

AUDUSD H4 Chart | December 22, 2013