Euro Breaks Key Support Against US Dollar, Downside Risks Emerge

by ForexCycle.com | June 10, 2024 6:57 am
The EURUSD currency pair has broken below the key 1.0788 support level, indicating that the recent upside move from the 1.0600 low has likely completed at the 1.0915 high. This technical breakdown has opened the door for...

Euro Breaks Out Against US Dollar, Uptrend Resumes

by ForexCycle.com | June 4, 2024 12:51 am
After a period of consolidation, the EURUSD currency pair has broken out above the key 1.0894 resistance level, extending its upside move that originated from the 1.0600 low. The rally has carried the pair as high as...

Euro Breaks Key Support Against US Dollar, Correction Underway?

by ForexCycle.com | May 31, 2024 12:47 am
The EURUSD currency pair has broken below the key 1.0804 support level, suggesting that the recent upside move from the 1.0600 low has likely completed at the 1.0894 high. This technical breakdown has opened the door for...

Elliott Wave Analysis Expects a Flat Correction as Wave 2 in EURUSD

by elliottwave-forecast.com | May 30, 2024 4:08 am
Short Term Elliott Wave in EURUSD suggests rally from 4.16.2024 low unfolded as a 5 waves impulse Elliott Wave structure. Up from 4.16.2024 low, wave ((i)) ended at 1.0753 and pullback in wave ((ii)) ended at 1.0649....

Euro Breaks Out of Bearish Channel Against US Dollar

by ForexCycle.com | May 28, 2024 1:32 am
The EURUSD currency pair has broken out above the resistance of the falling price channel visible on the 4-hour chart. This technical breakout suggests that the recent pullback from the 1.0894 high has likely completed at the...

Euro Pullback Tests Key Channel Support Against US Dollar

by ForexCycle.com | May 23, 2024 2:12 am
The EURUSD currency pair’s pullback from the 1.0894 high has extended to as low as 1.0817, facing the support of the rising price channel visible on the 4-hour chart. This area will likely determine the pair’s near-term...

Euro Consolidates After Hitting Channel Resistance

by ForexCycle.com | May 17, 2024 7:31 am
The EURUSD currency pair has failed to break above the top of the rising price channel visible on the 4-hour chart, pulling back from the 1.0894 high. This price action suggests that a consolidation phase is likely...

Euro Stages Bullish Breakout Against US Dollar

by ForexCycle.com | May 15, 2024 1:08 am
The EURUSD currency pair has broken out above the falling trendline resistance and the 1.0811 level visible on the 4-hour chart. This technical breakout suggests that the recent downside move from the 1.0981 high has likely completed...

EURUSD Elliott Wave: Forecasting the Rally from Equal Legs Area

by elliottwave-forecast.com | May 10, 2024 3:46 pm
Greetings fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of EURUSD, published in members area of the website. As our members know, EURUSD has ended the cycle...