EURUSD Daily Analysis – December 19, 2019

by ForexCycle.com | December 19, 2019 3:00 am
EURUSD broke below the rising price channel on the 4-hour chart and is now facing 1.1103 support. A breakdown below this level would confirm that the upside movement from 1.0981 had completed at 1.1199 already, then the...

EURUSD Daily Analysis – December 18, 2019

by ForexCycle.com | December 18, 2019 3:06 am
EURUSD moved sideways in a trading range between 1.1103 and 1.1199. As long as the price is in the rising price channel on the 4-hour chart, the sideways movement could be treated as consolidation for the uptrend...

EURUSD Daily Analysis – December 17, 2019

by ForexCycle.com | December 17, 2019 3:48 am
EURUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.0981. As long as the trend line support holds, the pullback from 1.1199 could be treated as consolidation for the...

EURUSD : Identifying and Trading the Elliott Wave Zig Zag Pattern

by elliottwave-forecast.com | December 16, 2019 4:49 pm
EURUSD Technical Analysis  EURUSD : An Elliott Wave Zig-Zag pattern is a 3 wave (A,B,C) pattern consisting of a 5-3-5 wave structure. 5 waves for the wave A, followed by 3 waves for wave B and finally...

EURUSD Weekly Analysis – December 15, 2019

by ForexCycle.com | December 15, 2019 5:26 am
EURUSD broke above the falling price channel on the daily chart. Further rally is still possible over the next several weeks and next target would be at 1.1350 area. Near term support is at 1.1035, a breakdown...

EURUSD Daily Analysis – December 13, 2019

by ForexCycle.com | December 13, 2019 3:29 am
EURUSD’s upside movement from 1.0981 extended to as high as 1.1199. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target...

EURUSD Daily Analysis – December 12, 2019

by ForexCycle.com | December 11, 2019 11:04 pm
EURUSD extended its upside movement from 1.0981 to as high as 1.1144, breaking above 1.1116 resistance. Further rise could be expected after a minor consolidation and next target would be at 1.1170, followed by 1.1250. Support is...

EURUSD Daily Analysis – December 11, 2019

by ForexCycle.com | December 11, 2019 4:02 am
EURUSD’s bounce from 1.1039 extended to as high as 1.1097. Further rise to test 1.1116 resistance is possible, a break of this level could take the price to 1.1160 area. Support is at 1.1039, below this level...

EURUSD Daily Analysis – December 10, 2019

by ForexCycle.com | December 10, 2019 4:50 am
EURUSD is now in the downtrend from 1.1116, further decline could be expected after a minor consolidation and next target would be at 1.1015 area. Resistance is at 1.1116, only break above this level could trigger another...

EURUSD Daily Analysis – December 9, 2019

by ForexCycle.com | December 9, 2019 12:28 am
EURUSD broke below 1.1065 support, suggesting that the upside movement from 1.0981 had completed at 1.1116 already. Further decline would likely be seen in the coming days and next target would be at 1.1015 area. Resistance is...