EURUSD Analysis – September 12, 2023

by ForexCycle.com | September 12, 2023 3:26 am
EUR/USD has experienced a rebound from its support level within the falling price channel on the 4-hour chart, starting from 1.0685 and breaking above the resistance level at 1.0760. This upward movement suggests that a further rally...

EURUSD Analysis – September 11, 2023

by ForexCycle.com | September 11, 2023 2:51 am
EUR/USD has reached the bottom of the falling price channel on the 4-hour chart, indicating a potential opportunity for a rebound in the coming days. If the price manages to break above the resistance level at 1.0760,...

EURUSD Daily Analysis – September 7, 2023

by ForexCycle.com | September 7, 2023 8:44 am
EUR/USD has been experiencing a continued downward movement, starting from 1.1275 and reaching as low as 1.0702. The pair is currently encountering support at the bottom of the price channel on the 4-hour chart. In the coming...

EURUSD Daily Analysis – September 6, 2023

by ForexCycle.com | September 6, 2023 1:37 am
EUR/USD has experienced a downside movement from 1.1275, reaching as low as 1.0705. Currently, the pair is facing the support of the price channel on the 4-hour chart. This suggests that we may see minor consolidation in...

EURUSD Daily Analysis – September 5, 2023

by ForexCycle.com | September 5, 2023 10:16 am
EUR/USD has broken below the 1.0765 support level, indicating the resumption of the downside movement from 1.1275. Further decline in price is expected, with the next target set around the 1.0700 area. The immediate resistance level to...

EURUSD Daily Analysis – September 4, 2023

by ForexCycle.com | September 4, 2023 1:31 am
EUR/USD is currently approaching the support level at 1.0765. If there is a breakdown below this level, it could trigger further downside movement towards the 1.0700 area. On the other hand, the immediate resistance level to watch...

EURUSD Daily Analysis – September 1, 2023

by ForexCycle.com | September 1, 2023 9:09 am
EUR/USD has recently broken above a falling price channel on the 4-hour chart, indicating a shift to an uptrend from the 1.0765 level. The pullback from 1.0945 is likely a corrective consolidation phase within the overall uptrend....

EURUSD Daily Analysis – August 31, 2023

by ForexCycle.com | August 31, 2023 7:16 am
EUR/USD has recently experienced a significant development as it broke above the resistance of a falling price channel on the 4-hour chart. This breakout suggests that the previous downtrend from 1.1065 to 1.0765 has likely completed. As...

EURUSD Daily Analysis – August 29, 2023

by ForexCycle.com | August 29, 2023 2:15 am
EURUSD continues to adhere to a descending price channel on its 4-hour chart, indicating the pair’s persistent engagement in the downtrend that originated from 1.1065. The prevailing situation revolves around the channel resistance, which plays a pivotal...

EURUSD Daily Analysis – August 28, 2023

by ForexCycle.com | August 28, 2023 12:14 am
EURUSD has seen its downward trajectory persist, with the price reaching as low as 1.0765 after descending from the 1.1065 level. As things stand, the key determinant of its future direction is the descending trend line visible...