The EURUSD pair experienced a sudden reversal after reaching the upper end of its falling price channel. Let’s dive into the technical details to understand what it means for the pair’s future direction. Sharp Drop and Support...
EURUSD’s break above a falling price channel and the potential for further rally or drops with identified resistance and support levels. Break above Falling Price Channel The EURUSD pair has attained a significant milestone by breaking above...
EURUSD has made a decisive attempt to break the current trendlines which has implications for the future direction of the currency pair. Failure to Break the Falling Channel EURUSD has fallen short in its attempts to break...
The EURUSD pair has notably exhibited diminishing downside momentum, suggesting an end might be imminent for the ongoing downtrend from 1.1139. Diminishing Downside Momentum The strong downside momentum previously exhibited by EURUSD appears to be diminishing. This...
The EURUSD’s market dynamics have been highlighting a consistent downturn, ensconced within a falling price channel. Falling Price Channel and Continued Downtrend Placed within a declining price channel on the 4-hour chart, the EURUSD pair remains adherent...
The EURUSD currency pair has been demonstrating a notable downward movement in recent times, with significant developments in price points. Breach of 1.0821 Support Level The EURUSD broke below the 1.0821 support level, extending its downside movement...
In the recent timeframe, the EURUSD has been exhibiting lateral motion in a defined trading range between 1.0821 and 1.0932. This trading range is likely a pause or consolidation for the downtrend that began at 1.1139; hence,...
The EURUSD has successfully breached the 1.0910 resistance level. This intriguing shift signifies an end to the former downtrend, which saw a slide from 1.1139 to 1.0821. The upcoming days are set to bear witness to further...
EURUSD has amplified its downward shift from 1.1139, dipping as low as 1.0821. Following a brief consolidation, the possibility of further decline still stands with the next target identified at 1.0780, and if momentum persists, we could...
The EURUSD pair tested but couldn’t break the 1.0910 resistance, leading it to remain within the trading range of 1.0844 and 1.0910. As long as the pair struggles to break past the 1.0910 resistance, the price action...
