EURUSD Daily Analysis – August 7, 2023

by ForexCycle.com | August 7, 2023 8:37 am
EURUSD is currently encountering the resistance of the falling trend line on the 4-hour chart. As long as the price remains below the trend line resistance, the bounce from 1.0912 could be viewed as a consolidation phase...

EURUSD Weekly Analysis – August 5, 2023

by ForexCycle.com | August 5, 2023 3:48 am
EURUSD is in a long-term uptrend from 0.9535, and the price action from 1.1032 can be seen as a consolidation phase within this uptrend. The rising trend line on the weekly chart is a key support level...

EURUSD Daily Analysis – August 4, 2023

by ForexCycle.com | August 4, 2023 2:15 am
EURUSD is currently below a descending trend line on the 4-hour chart, indicating its continued downtrend from 1.1275. The price has extended its fall to as low as 1.0912. As long as the resistance of the trend...

EURUSD Daily Analysis – August 3, 2023

by ForexCycle.com | August 3, 2023 12:47 am
EURUSD has broken below the support level at 1.0943 and has continued its downward movement from 1.1275, reaching as low as 1.0917. As long as the price remains below the descending trend line on the 4-hour chart,...

EURUSD Daily Analysis – August 2, 2023

by ForexCycle.com | August 2, 2023 1:17 am
EURUSD has been trading within a range between 1.0943 and 1.1047, displaying a sideways movement. As long as the price remains below the descending trend line on the 4-hour chart, it is likely that the sideways movement...

EURUSD Daily Analysis – August 1, 2023

by ForexCycle.com | August 1, 2023 6:43 am
The EURUSD pair remains entrenched in a downtrend, stemming from 1.1275. The recent bounce from 1.0943 is likely a period of consolidation within the overall downtrend. As long as the price stays below the falling trend line...

EURUSD Daily Analysis – July 31, 2023

by ForexCycle.com | July 31, 2023 1:41 am
The EURUSD pair is currently remaining below a falling trend line on the 4-hour chart. This suggests that the pair is still entrenched in a downtrend that originated from 1.1275. As long as the trend line resistance...

EURUSD Weekly Analysis – July 29, 2023

by ForexCycle.com | July 29, 2023 2:29 am
EURUSD has been staying within a rising price channel on the weekly chart, indicating that the pair remains in a long-term uptrend from 0.9535. As long as the channel support holds, the pullback from 1.1275 could be...

EURUSD Daily Analysis – July 28, 2023

by ForexCycle.com | July 28, 2023 10:16 am
After touching the 1.1146 resistance level, EURUSD dropped sharply to 1.0943, breaking below the 1.1020 support level. This indicates that the pair remains in a downtrend from 1.1275. Further decline is still possible in the coming days,...

EURUSD Daily Analysis – July 27, 2023

by ForexCycle.com | July 27, 2023 3:00 am
EURUSD has recently broken above the falling trend line on the 4-hour chart, suggesting that the downside move from 1.1275 has already completed at 1.1020. This could lead to a further rally, with the next target being...