EURUSD Daily Analysis – May 21, 2020

by ForexCycle.com | May 21, 2020 2:26 am
EURUSD’s upside movement from 1.0774 extended to as high as 1.0999. Further rise would likely be seen and next target would be at 1.1100 area. Support is at 1.0918, a breakdown below this level could bring the...

EURUSD Daily Analysis – May 20, 2020

by ForexCycle.com | May 20, 2020 2:40 am
EURUSD extended its upside movement from 1.0774 to as high as 1.0976. Further rise is still possible and next target would be at 1.1018 resistance. Near term support is at 1.0900, a breakdown below this level could...

EURUSD Daily Analysis – May 19, 2020

by ForexCycle.com | May 19, 2020 1:55 am
EURUSD broke above 1.0896 resistance. Further rally would likely be seen and next target would be at 1.1000 area. Near term support is at 1.0875, a breakdown below this level could bring the price back towards 1.0766...

EURUSD Daily Analysis – May 18, 2020

by ForexCycle.com | May 18, 2020 2:31 am
EURUSD failed to break below 1.0766 support and stayed in a trading range between 1.0766 and 1.0896. As long as 1.0896 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.1018, a...

EURUSD Weekly Analysis – May 17, 2020

by ForexCycle.com | May 17, 2020 12:00 pm
EURUSD continued its sideways movement in a trading range between 1.0635 and 1.1147. As long as 1.1147 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.2555 (Feb 16, 2018 high), and...

EURUSD Daily Analysis – May 15, 2020

by ForexCycle.com | May 15, 2020 2:44 am
EURUSD broke below the rising price channel on the 4-hour chart, suggesting that the downside movement from 1.1018 has resumed. Further decline could be expected in the coming days and next target would be at 1.0700 area....

EURUSD Daily Analysis – May 14, 2020

by ForexCycle.com | May 14, 2020 1:35 am
EURUSD stays above a rising price channel on the 4-hour chart and remains in the uptrend from 1.0766. As long as the channel support holds, the upside movement could be expected to continue and next target would...

EURUSD Daily Analysis – May 13, 2020

by ForexCycle.com | May 13, 2020 2:51 am
EURUSD broke above 1.0875 resistance. Further rally would likely be seen in the coming days and next target would be at 1.1000 area. Near term support is at 1.0820, a breakdown below this level could trigger another...

EURUSD Daily Analysis – May 12, 2020

by ForexCycle.com | May 12, 2020 4:23 am
EURUSD is facing 1.0766 support, a breakdown below this level would indicate that the downtrend from 1.1018 has resumed, then next target would be at 1.0700 area. Resistance is at 1.0875, a breakout of this level could...

EURUSD Daily Analysis – May 11, 2020

by ForexCycle.com | May 10, 2020 10:58 pm
EURUSD is now in the short-term uptrend from 1.0766, further rally would likely be seen in a couple of days and next target would be at 1.0950 area. Support is at 1.0766, only break below this level...